High-Rise Commercial Asset in Prime Durban CBD Location – 332 Dr Pixley Kaseme Street

Positioned in the pulsating core of the Durban Central Business District, this high-rise commercial building at 332 Dr Pixley Kaseme (formerly West) Street represents a compelling value-add investment opportunity. With a total Gross Lettable Area (GLA) of 6,396 sqm, this property currently generates R2,154,780 per annum (excluding recoveries), with a low occupancy rate of 12%, offering vast upside for a visionary buyer. This commercial asset is being presented for sale in association with The Nexus Property Group, inviting astute investors to reposition and unlock its full income-generating potential.

Key Features
• GLA of 6,396 sqm across multiple floors, offering versatile layout options for a wide range of tenants.
• Current income of R2.15 million per annum with significant headroom for income growth through strategic leasing and reconfiguration.
• High-rise format ensures commanding street presence in a high-footfall urban zone.
• Located in one of the busiest commercial corridors in the Durban CBD.

Area Description
Dr Pixley Kaseme Street is one of Durban’s most iconic and commercially vibrant thoroughfares, serving as a central artery that connects major financial institutions, retail activity, transport hubs, and government offices. The area is well-supported by high levels of pedestrian and vehicular traffic, making it a magnet for both small businesses and large corporates.

Durban’s CBD is experiencing an uptick in strategic development and urban renewal efforts. Investment in infrastructure and municipal upgrades has created an increasingly business-friendly environment—positioning properties like 332 Dr Pixley Kaseme Street at the forefront of urban transformation and long-term value appreciation.

Accessibility
• Centrally located within walking distance to major commuter routes, including taxi ranks, bus lines, and the railway station.
• Excellent road connectivity via the N3, M4, and surrounding arterial routes.
• Immediate access to civic amenities, courts, government departments, banks, and retail destinations.

Branding & Exposure
With a commanding location along a major CBD artery, this property offers tenants premium branding exposure. The street-facing façade, combined with the high-rise verticality of the building, presents ideal opportunities for bold signage and large-scale brand visibility—perfect for anchor tenants or headquarters seeking prominence in a bustling commercial setting.

Potential Uses
Given its structural scale, strategic location, and flexible internal layouts, this building is well-suited for:
• Commercial office space
• Government departments or municipal services
• Call centres or shared office space
• Training institutions or colleges
• Urban mixed-use conversion (e.g., commercial with residential or student housing components, subject to municipal approvals)

The low current occupancy of 12% highlights the untapped potential that awaits a dynamic repositioning strategy. A new owner can reimagine the tenant mix, enhance the asset’s appeal through modernisation, and optimise revenue through increased leasing and improved operational efficiencies.

Presented for Sale in Association with The Nexus Property Group, 332 Dr Pixley Kaseme Street is a well-located, income-producing commercial asset that offers both immediate rental income and strong future upside. With Durban’s CBD on a growth trajectory, this property provides the perfect canvas for investors and developers seeking scale, visibility, and long-term capital appreciation in a revitalising urban market.