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Accommodation Block With Retail & Warehousing In Durban CBD

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    2025-05-22 11:00:00
    Accommodation Block With Retail & Warehousing In Durban CBD

    Student Accommodation – 253 Students - New Lease In Place. 21 May Street, Durban CBD

    GBA: ± 3 700 m² | 253 Students – DUT Campus - new 3 year lease in place | 126 Rooms on 3 storeys with communal bathrooms, kitchens and TV/study areas | Ground floor workshops & warehousing (± 1 200 m²) | Gross Annual Income: ± R10.5 Million

    Durban Central, KwaZulu-Natal


    Strategic Investment Opportunity: 3 Storey Accommodation Block with Retail and Warehousing

    Introduction
    Positioned at a prime location, this exceptional three-storey accommodation block presents a rare investment opportunity, seamlessly combining residential, retail, and warehousing elements. Currently serving as a student residence for 253 students under a secure three-year lease with the Durban University of Technology (DUT) campus, this property offers a lucrative, multi-purpose asset with exceptional potential for future adaptation.

    Architectural Features and Layout
    The ground floor encompasses a well-structured workshop and warehousing space, catering to diverse commercial activities. The upper floors are dedicated to student accommodation, meticulously designed to maximize space efficiency and comfort. With secure access points, ample natural lighting, and contemporary interior finishes, the building ensures a conducive living environment for students and a dynamic commercial atmosphere for retail tenants.

    Accessibility and Connectivity
    Positioned in a high-demand area, the property benefits from excellent accessibility. Key transportation routes, including major highways and arterial roads, provide seamless connectivity to the greater city and surrounding districts. Public transport options, such as buses, taxis, and ride-sharing services, further enhance mobility for students, customers, and commercial users alike. Additionally, the proximity to the DUT campus fosters ease of access for students, making it a prime location for long-term student accommodation.

    Surrounding Area and Amenities
    The surrounding precinct is a vibrant hub, enriched with essential amenities and lifestyle conveniences. Retail centers, supermarkets, healthcare facilities, and entertainment venues contribute to a thriving urban environment. The presence of financial institutions, restaurants, and recreational spaces makes the location ideal for both residential and commercial use. Furthermore, the strategic placement within a bustling business district ensures high foot traffic, fostering opportunities for retail and commercial success.

    Branding Exposure and Commercial Visibility
    One of the property’s standout features is its high visibility and branding exposure. With prime street frontage and direct access to pedestrian and vehicular traffic, the ground-floor workshop and warehousing spaces enjoy excellent exposure to potential customers. Prominent signage opportunities along major routes further enhance brand visibility, making it an attractive prospect for retail chains, showrooms, and logistics businesses.

    Potential Uses and Future Adaptability
    Beyond its current function as a student residence, this property holds immense potential for diverse applications. The ground floor’s adaptable workshop and warehousing spaces can accommodate a variety of commercial ventures, including supermarkets, specialty stores, or logistics hubs. The upper floors is configured for student housing, The flexible zoning and well-structured layout ensure long-term sustainability and multiple revenue streams.

    Conclusion
    This three-storey accommodation block is a compelling investment opportunity, blending residential, retail, and warehousing capabilities in a highly sought-after location. With a stable lease in place for 253 students, unparalleled accessibility, exceptional branding exposure, and diverse potential uses, this property stands as a cornerstone for astute investors seeking both immediate returns and long-term value appreciation. Its strategic positioning and adaptability ensure that it remains a high-yield asset in the evolving real estate market.
    Commercial Type:
    Commercial Building
    Web Reference:
    AUCT-002492
    List price:
    POA
    Address:
    21 May Street, Durban Central, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    22 May 2025 11:00 am



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

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    Virend Deonarain
                                        In2assets Representative

    Virend Deonarain

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