High-Rise Commercial Powerhouse in Durban CBD – A Rare Opportunity at 303 Anton Lembede Street

Set in the commercial heartbeat of KwaZulu-Natal’s economic capital, 303 Anton Lembede Street (formerly Smith Street) presents a rare opportunity to acquire a landmark high-rise property in one of South Africa’s most active metropolitan zones. Rising proudly within the Durban CBD, this property boasts 15,500 sqm of gross lettable area (GLA), currently generating a strong income of R12.466 million per annum (excluding recoveries), with a current occupancy level of 47%. Offered for sale in association with The Nexus Property Group, this asset stands poised for upliftment and strategic repositioning.

Key Features
• Scale and Visibility: With an impressive 15,500 sqm of GLA, this property offers substantial leasing and redevelopment potential across multiple levels, making it ideal for institutional investors or visionary developers.
• Current Income Stream: A solid R12.466 million annual income, despite being 47% occupied, highlights the immense value and growth potential still to be unlocked.
• High-Rise Profile: The building's commanding height and street-front exposure make it a highly visible and prestigious address in the Durban skyline.
• Premium Business Location: Situated in a sought-after stretch of the Durban CBD, surrounded by banks, law firms, corporate offices, and government institutions.

Area Description
Anton Lembede Street is a key commercial artery within the Durban CBD, a precinct undergoing ongoing urban regeneration. The area offers a seamless blend of historic significance and modern infrastructure, attracting a mix of established businesses, professional services, and institutional tenants. Located minutes from the Durban Harbour, beachfront, and the International Convention Centre, this street remains a magnet for enterprise and investment.

The Durban CBD continues to benefit from both municipal and private sector rejuvenation projects, enhancing security, cleanliness, and commercial activity—further amplifying the appeal of prime addresses like 303 Anton Lembede Street.

Accessibility
• Easily accessible via N3, M4, and surrounding arterial routes.
• Major taxi ranks, bus terminals, and train stations within walking distance.
• Proximity to the Durban Magistrate’s Court, City Hall, financial hubs, and transport infrastructure.
• Positioned along one of the most traversed pedestrian and vehicular corridors in Durban.

Branding Exposure
With extensive street frontage along a bustling thoroughfare, this building offers exceptional branding and signage potential for anchor tenants or flagship corporates. Its high-rise structure ensures visibility that stretches across multiple city blocks, giving brands the opportunity to secure iconic presence in the inner city.

Potential Uses
Thanks to its central location, layout flexibility, and gross scale, the property is ideally suited for:
• Corporate head office or regional administrative centre
• Government or institutional use
• Legal and financial services hub
• Call centres or shared office space providers
• Educational institutions or student accommodation conversion (subject to approvals)
• Mixed-use redevelopment with retail, commercial, and residential components

The building’s current occupancy of 47% offers a compelling opportunity for a savvy investor to drive income growth through strategic leasing, while the robust current rental stream provides cash flow stability during the transition.

Offered for Sale in Collaboration with The Nexus Property Group, 303 Anton Lembede Street is more than just a property – it is a statement asset at the epicentre of a revitalising urban economy. For the investor or developer with vision, this is a chance to stake your claim in the future of Durban’s evolving commercial core.