Site Extent: ± 518 m² | Double storey with offices and workshops | Historical Gross Annual Income up to February 2023: ± R405K| Zoned: General Business | Can be purchased together with 43-45 & 51-63 Sylvester Ntuli (Brickhill) Road
This commercial property is positioned within the South Beach Precinct, on the outskirts of the Durban CBD. Currently the property comprises a configuration of workshops and store rooms as well as offices. The property fronts onto Hunter Street. The property is positioned within 350m from the South Beach Checkers Centre and close to the Durban Harbour precinct. The property has good exposure to high volumes of passing traffic.
The area is a bustling and busy area with low vacancies due to the mixed use activities in the node. Business and organizations such as supermarket retailers, automotive services, suppliers and distribution companies, clothing manufacturers and retailers, surfboard manufactures and surf gear outlets and building and hardware suppliers to name a few.
The lease for the current tenant who has been occupying the premises for a number of years has expired and they are now on a month to month basis. The property being double storey, has the potential to be multi-tenanted. The ground floor can be used as a retail shop or showroom due to the high exposure.
Automotive services and product suppliers, as well as surfing factory shops are prevalent in the area. Properties in this area comprises mostly retail space on the ground floor and offices and flats on the upper floor levels.
The site is easily accessible and well-linked to the major road network like the M4 and M4 Ruth First Highway, which serves the surrounding area, as well as to public transport networks, with Moses Mabhida Station in close proximity. Sylvester Ntuli Road links to the Suncoast Boulevard.
The Durban ICC and Hilton Hotel is located nearby.
The property is serviced in terms of necessary amenities including emergency, medical, educational services and transport facilities.
Viewing: Tuesday, 15th August 2023 from 13h00 to 15h00
Friday, 18th August 2023 from 14h00 to 16h00
Virend Deonarain
Show number
vdeonarain@in2assets.com
