AUCT-002281 | On Auction

Commercial Investment Property in Durban

211 First Avenue, Greyville, eThekwini Metropolitan Municipality, KwaZulu-Natal

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


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

Bidding opens in


Auction Date: 20 August 2024 11:00:00am


Muhammad Ali
                                                         In2assets Representative

Property Agent


Muhammad Ali
Show number
alim@in2assets.com


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