AUCT-001978 | SOLD

± 6 500 m² Commercial Property in Durban CBD

356 Anton Lembede Street, Durban, eThekwini Metropolitan Municipality, KwaZulu-Natal

IN BUSINESS RESCUE: ± 6 500 m² Commercial Property, 356 Anton Lembede (Smith) Street, Durban CBD (Denor House)

15 Storey building | Ground floor - 4 x Shops & Upper Floor offices | 75% Occupied | Gross Annual Income: ± R3.7 Million | 3 Lifts | Upper floors offices with residential conversion potential (Municipal Approval Required) | High exposure

The property is positioned on a corner site, fronting to both Anton Lembede (Smith) Street and Joe Slovo (Field) Street and within walking distance to The Victoria Embankment. It comprises of ground floor retail, reception or lobby area and the lift areas. The remaining upper floors comprises of offices, majority of which are drywall partitioned. The property meets the safety requirements with fire hoses, smoke detectors, extinguishers and emergency stairways in place. This property has potential for residential conversion however municipal approval must be obtained.

The property falls within the Durban Central precinct, as per eThekwini’s new Urban Development Zone (UDZ). This is one of nine new precincts demarcated within the greater central city, together forming the UDZ. The aim of creating this zone is to stimulate new investment and urban regeneration to the central parts of the eThekwini city, through tax saving incentives applicable to new development or building restoration.

The neighbourhood within the immediate vicinity of the property comprises mostly retail space on the ground floor and offices and flats on the upper floor levels. Some accommodation has been upgraded, whilst general landscaping and improved cleanliness and security have stimulated new investment in the area.

The Durban Harbour is easily accessible as well as the N3 Freeway. The property is well serviced in terms of necessary amenities including emergency, medical, educational services and transport facilities.

Commercial Type:
Commercial Building
Web Reference:
Final price:
356 Anton Lembede Street, Durban, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
25 July 2023 11:00 am

Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in

Auction Date: 25 July 2023 11:00:00am

Virend Deonarain
                                                         In2assets Representative

Property Agent

Virend Deonarain
Show number

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