Aqua Sky is a prominent multi-storey commercial office tower strategically positioned at 275 Anton Lembede Street in the heart of the Durban CBD. This well-known landmark building represents a rare opportunity to acquire a large-scale, income-generating commercial asset within one of Durban’s busiest economic nodes. The property will be offered for sale by way of public auction.

Property Overview
Aqua Sky is a substantial 15-storey commercial office building comprising a gross building area of approximately 24,458 m². The building accommodates a diverse mix of office users across multiple floors and benefits from lift access servicing all levels, controlled entry, and extensive on-site parking facilities totalling approximately 256 bays.

The tower enjoys a strong skyline presence within the Durban CBD and has long been recognised as an established commercial address. Its multi-tenant configuration provides flexibility in floor layouts, making it suitable for government departments, national operators, professional firms, and corporate users.

Tenancy and Income Profile
The property is anchored by a mix of national and government tenants, contributing to a well-established and consistent rental income stream. The building currently generates in excess of R2 million per month in gross rental income, reflecting its scale, tenant profile, and strategic CBD location.

The income profile demonstrates the strength of the asset as a large-format commercial holding within Durban’s urban core. Certain vacant components within the building present an opportunity for further leasing activity and income optimisation through active asset management.

Upside Potential
Aqua Sky offers investors the ability to enhance overall performance through the absorption of vacant office space and improved parking utilisation. The scale of the building allows for flexible reconfiguration and repositioning of upper floors where required, presenting a clear value-add opportunity within an already income-producing asset.

This combination of established income and identifiable upside positions the property as a compelling commercial investment.

Location
Situated along Anton Lembede Street, one of Durban’s primary arterial routes, the property benefits from exceptional accessibility and exposure. The building is well-serviced by major public transport routes and is located in close proximity to government offices, financial institutions, retail amenities, the Durban Magistrates Court precinct, and the Durban Harbour.
Its central location ensures sustained demand from tenants seeking convenience, visibility, and connectivity within the CBD.

Conclusion
Aqua Sky presents a rare opportunity to acquire a substantial, well-known commercial office tower in Durban’s city centre. With its established tenancy profile, strong gross income base, extensive parking provision, and clear asset management upside, the property offers scale and strategic positioning suited to private investors, commercial funds, and institutional buyers.