Total GBA: ± 3 500 m² | 8 Storey building including basement | Retail: ± 500 m² | Residential conversion potential – possible 50 students per floor | Massive signage potential
This 8 storey commercial high rise property is positioned in the heart of the Durban CBD at 273 Monty Naicker (Pine) Street. The property is positioned +/- 50m from the iconic Game Store property on Pine Street. The ground floor consist of a retail section with a mezzanine level. The ground floor is currently occupied by a tenant on a month to month basis. There is a basement that is currently vacant and obtains its owns access from the street. Floors 1 to 5 measure approximately 500 m² each and comprises of open plan space, however the 5th floor has drywall partitioned offices. The roof top level currently comprises of an open area as well. The property is serviced by 2 lifts and a generator. The property has a larger signage board that allows for additional income for branding purposes. This neat, well maintained property is ideal for a call centre, residential conversion (by municipal approval) or even for offices.
Monty Naicker (Pine) Street is a busy arterial which links Durban’s Central Beach precinct to the eastern fringes of Durban’s Central Business District. The property is within walking distance to the Durban ICC and enjoys very high vehicular and pedestrian exposure.
The neighbourhood within the immediate vicinity of the property comprises mostly service industrial, multi-level warehousing, residential block of flats, hotels, retail space and is the vehicle sales hub of the CBD. The property is also close to the Hilton Hotel, the Kingsmead Cricket grounds and the Kingsmead Office Park.
The Victoria Embankment and the Durban Harbour are easily accessible; as well as the M4 and N3 Freeways. This node has enjoyed improved cleanliness and upgraded security which have stimulated new investment by property funds who have injected capital into urban regeneration projects in the area.
Virend Deonarain
Show number
vdeonarain@in2assets.com
