Rising prominently in the heart of Durban’s dynamic CBD, this 8 storey block presents a rare and impressive opportunity for investors seeking a property with unmatched positioning, accessibility and long-term potential. The property offers a commanding presence in the CBD skyline, lending itself to multiple use opportunities, including conventional residential apartments, premium student housing, or a mixed-use residential and commercial concept. Its scale and location give it an edge in a market where demand for centrally located affordable accommodation continues to grow.
The ground floor comprises 4 retail workshops, currently occupied by car fitment and motor-related tenants. These tenancies benefit from roller shutter door access, sprinkler systems and each have own toilets, With reconfiguration, this ground floor could be transformed into one expansive retail or commercial space. The ground floor further comprises of an office and a parging garage, however no access was obtained.
The residential component is accessed controlled through turnstiles and biometric systems, a new lift and the foyer offices consists of the CCTV monitoring. There are 79 residential units in varying configurations being bachelors, larger bachelors, and 1.5-bedroom flats. Currently, 77 of the units are income-generating, while two serve as a supervisor’s apartment and a plumber’s flat.
The first floor hosts 2 apartments (one of which we did not obtain access into) and 7 larger bachelor flats each fitted with prepaid meters for electricity and water, have bathrooms and kitchenettes.
The 2nd to the 5th floors feature bachelors, larger bachelors, and 1.5-bedroom flats (with enclosed balconies). In total there are 31 flats from the second floor to the fifth floor.
The 6th floor comprises 12 self-contained units each with its own kitchenette, bathroom (with own geyser) and prepaid meters for electricity and water.
The 7th floor includes 21 rooms with communal showers and toilets and each room fitted with prepaid meters.
The property further consists of a single-storey building that offers an additional 6 rooms.
The property is connected with WIFI and all fire equipment is serviced. It should be noted that the CCTV camera monitoring system and turnstiles with bio-metrics will only form part of the sale. The vehicle hydraulic hoists and all other movable assets within the tenanted premises do not form part of the sale of the property and are specifically excluded from the sale.
There is ample municipal parking in front of the building
Strategically located in the city’s bustling core, this property commonly known as SS Buckingham Court situated at 96 Anton Lembede Street (formerly known as Smith Street), is a short distance from Durban’s famed Golden Mile beachfront, the Victoria Embankment, Durban Harbour and harbour-related operations.
Anton Lembede Street, one of Durban’s major CBD arterials, ensures excellent public transport links with easy access to taxis, buses and the Durban Station. The M4 and N3 highways are a few minutes away, connecting the block effortlessly to surrounding suburbs and King Shaka International Airport.
The block is perfectly positioned for the growing student accommodation market, surrounded by major tertiary institutions and CBD colleges. From here, students enjoy easy access to institutions such as Durban University of Technology, UKZN, MANCOSA, Regent Business School, and other specialized colleges. The surrounding area is steeped in world-class amenities and Durban’s landmark attractions. The International Convention Centre (ICC), Moses Mabhida Stadium, Kingsmead Stadium, and Suncoast Casino are all within close proximity, ensuring that tenants are at the centre of Durban’s cultural, sporting, and entertainment hub.
The property also benefits from nearby shopping centres, government offices, banks, and corporate headquarters, cementing its position as a truly connected urban residence.
