AUCT-002441 | On Auction

BUSINESS RESCUE: Retail Property in Durban CBD

295-299 Monty Naicker (Pine) Street, Durban Central, eThekwini Metropolitan Municipality, KwaZulu-Natal

BUSINESS RESCUE: Commercial Property In The Heart Of Durban CBD. 295-299 Monty Naicker (Pine) Street, Durban CBD

Site Extent: ± 1 104 m² | High trading area | Positioned between Checkers Shoprite and Game Store | Ground floor retail | Part double and part triple storey building


Positioned at 295-299 Monty Naicker Street, this strategically located commercial property stands in the heart of Durban’s bustling Central Business District (CBD). The area is a high-demand retail and commercial hub, surrounded by key national retailers, financial institutions, and corporate offices. Situated between major retail giants Shoprite and Game, and directly opposite a busy taxi rank and a multi-level parkade, this property benefits from an exceptionally high volume of foot and vehicle traffic daily.

Accessibility
One of the property’s strongest advantages is its superior accessibility. Being centrally positioned, it enjoys direct connectivity to major roads, public transport routes, and pedestrian walkways. Monty Naicker Street serves as a key arterial route through the CBD, ensuring a seamless flow of customers, employees, and logistics. The presence of a multi-level parkade opposite the property provides ample parking facilities, catering to both short-term visitors and long-term tenants. Additionally, the proximity to a major taxi rank ensures a steady influx of potential customers from various parts of the city and beyond.

Key Features
This commercial property is a combination of a double-storey and triple-storey structure, providing flexible space solutions to accommodate a variety of business operations. The ground floor is dedicated to retail, maximizing street-level exposure and direct consumer engagement. The upper levels offer spacious commercial and office spaces, suitable for a range of tenants. The property's modern architectural design, ample shopfront display areas, and pedestrian-friendly layout contribute to its strong market appeal.

Positioned within a high-trading zone, the property enjoys consistent demand from retailers and businesses looking to capitalize on the footfall generated by established brands like Shoprite, Game, and other national chains. The vibrant commercial ecosystem in this precinct makes it an attractive location for businesses seeking immediate market penetration.

Brand Exposure & Marketing Potential
The positioning of this property within a high-traffic zone presents unparalleled branding and advertising opportunities. The retail frontage on Monty Naicker Street ensures maximum exposure to daily commuters, shoppers, and professionals. Businesses operating within the property can leverage the high visibility to establish strong brand recognition through prominent signage, window displays, and digital marketing initiatives.

With national brands like Shoprite and Game anchoring the area, retailers and businesses benefit from the constant movement of consumers in and around the precinct. The opposite taxi rank and the nearby multi-level parkade further enhance foot traffic, making the location highly desirable for businesses that thrive in busy, consumer-centric environments.

Potential Uses
Given its premium location and versatile structural layout, this commercial property is well-suited for multiple business applications, including:
• Retail Stores: Ideal for national and independent retailers looking to tap into the heavy consumer traffic.
• Corporate & Office Spaces: The upper floors can accommodate financial institutions, business process outsourcing (BPO) companies, and professional firms.
• Restaurants & Quick-Service Outlets: High visibility and foot traffic make this an excellent location for eateries, cafés, and fast-food brands.
• Gaming & Betting Establishments: With a strong entertainment culture in the CBD, businesses such as betting outlets and gaming lounges would find high customer engagement.
• Medical & Wellness Centers: The property's accessibility and proximity to high-density commercial activity make it suitable for clinics, pharmacies, and wellness facilities.
• Educational & Training Institutions: The demand for accessible learning centers, tutoring facilities, and vocational training institutions aligns well with the location’s strengths.

Conclusion
This prime commercial property at 295-299 Monty Naicker Street represents a rare investment opportunity in Durban’s thriving CBD. With its strategic positioning between Shoprite and Game, direct access to a major taxi rank, and proximity to a multi-level parkade, the property offers unparalleled visibility, accessibility, and commercial potential. Whether for retail, office, or mixed-use purposes, this versatile property is an ideal choice for businesses and investors looking to establish a strong foothold in one of Durban’s most dynamic and high-performing commercial districts.

Commercial Type:
Commercial Building
Web Reference:
AUCT-002441
List price:
POA
Address:
295-299 Monty Naicker (Pine) Street, Durban Central, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
24 April 2025 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required

Bidding opens in


Auction Date: 24 April 2025 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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