AUCT-002524 | On Auction

Mixed Use Property on Peter Mokaba Ridge

545 Peter Mokaba Ridge (Ridge Road), Essenwood, eThekwini Metropolitan Municipality, KwaZulu-Natal

545 Peter Mokaba Ridge (Ridge Road), Essenwood, Berea

Extent: ± 977 m² | GBA Main Building: ± 160 m² | GBA Outbuilding: ± 40 m² | Parking for ± 14 vehicles | Vacant occupation


This standalone property on Peter Mokaba Ridge presents a lucrative investment opportunity within a vibrant commercial hub. Here are the key highlights and advantages of the property:

Convenient Locality
Situated along the prominent Peter Mokaba Ridge in Durban's esteemed Morningside suburb, 545 Peter Mokaba Ridge enjoys a prime location within one of the city's most affluent and vibrant areas. Morningside is renowned for its blend of historic charm and modern amenities, featuring a mix of Edwardian and Victorian architecture alongside contemporary developments. The suburb offers a rich array of lifestyle conveniences, including boutique shopping, diverse dining options, and recreational facilities, all contributing to a dynamic and desirable environment for both residential and commercial purposes.

Strategic Access
The property's location affords excellent connectivity to Durban's key transport arteries. It provides easy access to major highways such as the M4 and N3, facilitating efficient travel to the Durban Central Business District, Umhlanga, and King Shaka International Airport. Public transportation is readily available, with numerous bus and taxi routes servicing the area, ensuring seamless mobility for commuters and visitors alike. This strategic positioning enhances the property's appeal to businesses seeking accessibility and visibility in a central urban setting.

Improvements
The property features a Victorian-style home that has been adapted for commercial use. The interior comprises a combination of open-plan areas and individual rooms, offering flexibility for a variety of potential uses such as office space, medical suites, or retail operations. The main building also includes ablution facilities and a kitchenette.
At the rear of the property is an outbuilding that can serve as additional office space. It consists of a spacious room, with provisions for a potential kitchenette and ablutions. Externally, the fully tarred yard provides convenient on-site parking for approximately 14 vehicles.
It should be noted that all commercial uses listed above are potential uses and may require special consent or rezoning

Surrounding Environment
The immediate vicinity of 545 Peter Mokaba Ridge is characterized by a harmonious blend of residential and commercial properties, reflecting the suburb's evolution into a sought-after mixed-use locale. The area boasts a variety of amenities, including financial institutions, healthcare facilities, educational establishments, and recreational parks, all contributing to a well-rounded and supportive community infrastructure. The presence of consulates and corporate offices further underscores the suburb's status as a prestigious and secure environment, making it an ideal location for enterprises seeking a reputable address in Durban.

Commercial Type:
Commercial Building
Web Reference:
AUCT-002524
List price:
POA
Address:
545 Peter Mokaba Ridge (Ridge Road), Essenwood, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
19 June 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: 19 June 2025 11:00:00am


Muhammad Ali
                                                         In2assets Representative

Property Agent


Muhammad Ali
Show number
alim@in2assets.com


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