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

Locality
The property is situated approximately 200 metres from one of the busiest exit points of the Durban CBD, fronting College Lane, which runs parallel to Anton Lembede (Smith) Street. It is located within one of the nine Urban Development Zones (UDZ) established as part of Durban’s Inner-City revival program. This initiative aims to stimulate investment and urban regeneration through tax incentives for new developments or building restorations.

Access
Access to the property is via College Lane, which connects to Russell Street, providing seamless entry to Durban’s commercial hub. The property is also within walking distance of the Victoria Embankment and tourist attractions such as Wilson’s Wharf and the recreational facilities of Durban’s Yacht Mole.

Improvements
This property has an extent of ± 348 m² and is improved with a 3-storey commercial / Industrial Building constructed of face brick. Each floor comprises of a versatile open area serviced with ablution facilities offices and a kitchenette.

The property presents an Ideal opportunity for conversion to student accommodation however all necessary municipal consents need to be obtained.

Surrounding Area
The surrounding area has undergone significant improvements, including upgraded accommodation blocks, enhanced landscaping, cleanliness, and improved security, all of which have encouraged new investments. The property is approximately 220 metres from the ICESA Education College and 300 metres from the new China Mall on West Street. Albert Park lies slightly to the south, bordered by the Victoria Embankment, the M4 Southern Freeway, Smith Street, and Russell Street. This area serves as the original residential precinct of the Inner City and predominantly consists of residential flats.