TELKOM-000104 | SOLD

TELKOM PORTFOLIO: 8 Storey Commercial Block Within Durban’s Beachfront Precinct

19 Sea View Street, South Beach, eThekwini Metropolitan Municipality, KwaZulu-Natal

TELKOM PORTFOLIO: 8 Storey Commercial Block Within Durban’s Beachfront Precinct. 19 Sea View Street, South Beach, Durban

Site Extent: ± 1 692 m² | Total Gross Building Area: ± 10 282 m² | Basement: ± 1 527 m²; Ground Floor: ± 1 585 m² & 6 Floors: ± 7 170 m² (± 1 125 m² per floor plus Mezzanine levels of ± 420 m²) | Sold Vacant Occupation | Positioned 60m from beachfront and behind Balmoral Hotel | Currently consists of offices on six floors | Prime candidate for reconversion into luxurious residential units or accommodation – Municipal approval required


Positioned along Durban’s vibrant beachfront, this imposing 8-storey commercial block presents an unparalleled investment opportunity. Currently serving as a office complex, the building's strategic location and architectural layout make it a prime candidate for reconversion into luxurious residential units, seamlessly blending into the neighbouring hotels and student accommodation blocks. Any conversion uses will require Municipal approval and consents.

Property Features:
Stunning Ocean Views: Enjoy panoramic views of the Indian Ocean from the top floors, offering future residents breathtaking sunrise vistas and soothing sea breezes. The expansive floor space on each floor offers a generous footprint, perfect for creating spacious and modern apartments or rooms. The prime location in the heart of Durban's beachfront, the property is within walking distance of popular attractions, dining, shopping, and entertainment venues.

Location Highlights:
Direct access to Durban’s golden beaches, providing a year-round tropical lifestyle. Excellent transport links with easy access to major highways, public transport, and King Shaka International Airport. Proximity to popular tourist destinations such as uShaka Marine World, Suncoast Casino, and the Durban ICC, ensuring high demand for residential units. Located amidst a dynamic blend of cultures, with festivals, markets, and events that attract both locals and tourists alike.

Potential Uses:
Transform the office spaces into high-end apartments, capitalizing on the beachfront views and prime location to attract discerning buyers or long-term renters. Convert the building into a boutique hotel, offering personalized services and exclusive amenities to guests seeking a unique stay experience in Durban. Develop a mixed-use space incorporating residential units. Offer fully furnished, short-term rental units for business travelers and holidaymakers, providing a home-away-from-home experience.

Conclusion:
This exceptional block on Durban’s beachfront is a blank canvas brimming with potential, poised to become a landmark development in one of South Africa's most sought-after locations. Invest in a property that promises not only significant returns but also the opportunity to shape the future of Durban’s beachfront skyline.

This property forms part of a National Telkom Portfolio. To view all properties within this portfolio, please download the catalogue or contact us on info@in2assets.com.

Commercial Type:
Commercial Building
Web Reference:
TELKOM-000104
Final price:
POA
Address:
19 Sea View Street, South Beach, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
29 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: 29 August 2024 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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