Nestled in the vibrant Point Precinct, 340 Mahatma Gandhi Road stands as an investment opportunity for discerning buyers. This recently refurbished property will go under the hammer on February 20, 2025, offering a blend of residential and retail spaces, location advantages, and potential for future development.
Prime Location
Positioned along Mahatma Gandhi Road, this property is in the heart of Durban’s rejuvenated Point Precinct. The area’s proximity to key landmarks such as Addington Hospital and the scenic Point Waterfront ensures a steady stream of foot traffic As a gateway to the bustling Durban CBD and tourist attractions like uShaka Marine World, the strategic location of this property guarantees sustained appeal for both residential and commercial tenants.
Accessibility
The precinct is well-serviced by an extensive network of public transportation, including buses and taxis, ensuring seamless connectivity to surrounding areas. The property’s location on a major thoroughfare ensures easy vehicular access, while ample street-side parking enhances convenience for retail patrons and residents alike.
Dynamic Surrounding Area
The surrounding Point Precinct is undergoing a remarkable transformation, characterized by urban renewal projects and a surge in commercial, residential, and recreational developments. The precinct boasts a harmonious mix of modern architecture and historical charm, making it a magnet for young professionals, families, and tourists. With renowned eateries, boutique shops, and leisure facilities just steps away, the property benefits from the vibrancy and lifestyle appeal of its locale.
Key Features
• Residential Units: 13 studio apartments, each spanning approximately 22 square meters, cater to the growing demand for modern, compact living. These units are ideal for students, professionals, or short-term rentals, making them a lucrative component of the property’s income stream.
• Retail Shops: The 3 retail shops, with a combined extent of approximately 280 square meters, are strategically positioned to attract high footfall. These spaces are perfectly suited for businesses seeking visibility and convenience in a bustling area.
As one of the cleanest properties in the Point Precinct, it sets a benchmark for quality and maintenance.
Branding and Exposure
Positioned along a highly visible and high-traffic corridor, the property enjoys unparalleled branding and signage opportunities. The property’s clean and modern facade further enhances its appeal, making it a standout in the precinct.
Exciting Development Potential
One of the most enticing aspects of 340 Mahatma Gandhi Road is the available bulk, offering the potential to add an additional four storeys to the property. This opens doors to further income-generating possibilities, such as additional residential units, office spaces, or even leisure amenities, capitalizing on the area’s growing demand for premium real estate.
Financial Highlights
The property’s current annual income of R960,000 underscores its strong investment fundamentals. With a diverse tenant mix and future potential for expansion, it offers both immediate returns and long-term growth prospects.
Conclusion
Making its debut on the market, 340 Mahatma Gandhi Road is a first-time offering that promises unparalleled value, versatility, and vision. Whether you are an astute investor, a visionary developer, or a discerning buyer, this property is an unmissable opportunity to secure a stake in Durban’s thriving Point Precinct.
