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Commercial Investment Property in Durban

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    2024-08-20 11:00:00
    Commercial Investment Property in Durban

    Commercial Investment Property in Durban. 211 First Avenue, Greyville, Durban

    Extent: ± 461 m² | GBA: ± 284 m² | Gross Monthly Income: ± R 52K | Completely Paved Yard Area of ± 240 m²

    Greyville, KwaZulu-Natal


    This standalone Commercial / Industrial property in Durban presents a lucrative investment opportunity within a vibrant commercial hub. Here are the key highlights and advantages of the property:

    Strategic Location:
    This property is located on the corner of First Avenue and Daly Road in the popular suburb of Greyville in close proximity to the Greyville Racecourse, Durban CBD as well as the residential areas of Berea. This node is neighboured by Windermere to the North as well as Essenwood and Morningside to the West. The property enjoys a premium position directly opposite City View Shopping centre and adjacent to a total service station. The property is positioned within a kilometre from the city’s main sporting and recreational precinct, the focal point being the Moses Mabhida Stadium, followed by Growth Point Kings Park Stadium. The access to public transport is very good with the train station being a 5-minute walk away.

    Improvements:
    This premium property is improved with a double volume commercial building. Internally the ground floor comprises a front reception area with a double volume A Grade workshop which is accessed via a roller shutter door. The ground floor also hosts a kitchenette, ablutions, and storage room. In addition, the property also offers a mezzanine level which comprises of 3 offices constructed of drywall partitioning. The property is finished to a high standard with polished concrete flooring and large aluminium and glass frontage.

    The yard area at the rear of the property is completely paved and offers a carport area which can accommodate 3 vehicles. This yard area is accessed via Daly Road.

    Convenient Access:
    The property fronts onto First Avenue which provides pedestrian access while vehicular access is via Daly Road. The property occupies a prime corner position and is situated on a main taxi route which enjoys exceptionally easy access off Umgeni Road (R102). Umgeni Road ferries large volumes of traffic between the Durban Central Business District as well as the North and Western suburbs of greater Durban.

    This property presents an ideal opportunity for those seeking to capitalize on the bustling commercial activity in the area.
    Commercial Type:
    Commercial Building
    Web Reference:
    AUCT-002281
    List price:
    POA
    Address:
    211 First Avenue, Greyville, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    20 August 2024 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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    Property Agent
    Muhammad Ali
                                        In2assets Representative

    Muhammad Ali

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    alim@in2assets.com

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