This standalone commercial in Chatsworth presents a lucrative investment opportunity within a vibrant commercial hub. Here are the key highlights and advantages of the property:
Strategic Location: The property is situated within the commercial and mixed-use node of the Stamford Hill Road precinct, positioned approximately 300 m away from the busy intersection of Sandile Thusi (Argyle) Road and Mathews Meyiwa (Stamfordhill) Road. This stretch of road is home to various national and international clothing brand factory shops who have been occupying the area for decades. It is a built-up area, with numerous sectional title complexes and historic residential dwellings operating as commercial uses. The activities within this precinct are geared towards commercial, light industrial, retail, accommodation, offices and restaurants/food outlets. Stamford Hill Road is a sought-after location.
The Stamford Hill Road precinct is regarded as Durban’s sports hub and positioned west of the Umgeni and slightly north of Greyville. The property is positioned at the corner of Fir Lane and Stamfordhill Road, approximately 450m from Umgeni Road.
Improvements: This property comprises of 2 ervens with a combined extent ± 979 m². The property is improved with 2 components the first being a 5-storey commercial / industrial building which fronts onto Mathews Meyiwa (Stamford Hill Road) the 2nd component is accessed via Fir Lane and comprises a 3 storey industrial building with vehicular access via a roller shutter door.
Convenient Access: Stamford Hill Road enjoys access from various main roads thanks to its connectivity with several key routes in the region. The area is easily accessed from the N3 Freeway, which is a major highway running through KwaZulu-Natal, the N3 freeway connects to the M19 which provides convenient access to Stamford Hill Road.
Stamford Hill Road is also accessed via the M4 Coastal Road, which runs parallel to the coastline and is a significant route for accessing various parts of Durban.
Amenities: The area enjoys easy access to the Central Business District of Durban. Musgrave Centre and Clifton Preparatory School are nearby. It is in close proximity to most relevant amenities. Several other shopping centres are within close proximity such as Game City (now known as City View Shopping Centre) and Windermere Shopping Centres, which is 4 blocks west and within walking distance. Schools; parks; public transport and sports grounds are also situated within close proximity to the property. The Durban Train Station is nearby.
The immediate surrounding community enjoys the close proximity to the Florida Road cosmopolitan atmosphere. The area surrounding the property is one of high demand and has good occupancy levels.
Auction Terms and Conditions:
R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required DISCLAIMER: Website listings are for information purposes only and remain subject to change, amendment, correction or withdrawal at any time prior to the auction. As further information becomes available, revised listings will be published from time to time. It may not be possible to identify, track or specifically draw attention to every amendment or revision. The final brochure and Conditions of Sale, as issued to each registered bidder via email and/or WhatsApp prior to or on the day of the auction, shall constitute the final, governing and binding documentation applicable to the auction and the sale of the property. It is each Purchaser’s sole onus and responsibility to ensure that he has received, read, understood and agreed to the final brochure and Conditions of Sale and to bid and purchase strictly in accordance therewith. Registration for the auction shall constitute deemed acceptance of the final documentation as issued.
