Traders Triangle comprises an established Shoprite-anchored retail and wholesale investment at 580 Dr Pixley KaSeme Street, formerly West Street, Durban CBD. The main mall provides approximately 10 700 m² of gross lettable area with a total built-up area of approximately 30 000 m².
The supporting tenant base includes longstanding occupiers, with many tenants having traded from the property for more than 15 years.
The property offers over 100 parking bays, drive-in parking access and three lifts serving the ground floor and upper levels. A 534.9 kW solar installation provides approximately R1.4 million in annual savings. Further infrastructure includes a generator, sprinkler-protected fire system with a dedicated water tank and backup drinking-water tanks.
ACCESSIBILITY
The property benefits from frontage onto Dr Pixley KaSeme Street and direct access to the surrounding CBD road network. A taxi rank immediately behind the property supports daily customer and commuter access, while onsite drive-in parking accommodates shoppers, tenants and staff. Its position near the N3, M4, R102 and western approaches to the CBD connects the property with surrounding commercial, residential and industrial areas.
SURROUNDING AREA
The surrounding precinct comprises an established mix of retail outlets, wholesale businesses, informal trading, commercial premises and public transport facilities. This concentration of trading and commuter activity supports a substantial daily customer catchment. Durban Harbour and the associated commercial activities around the port are situated nearby.
POTENTIAL USES/ UPSIDE
The existing accommodation supports supermarket trading, general retail, wholesale operations, supporting storage and office uses. The property offers scope to optimise the tenant mix and ancillary income streams, including signage, ATMs and recycling. A proposed digital billboard presents potential additional annual income of approximately R300 000 to R500 000, subject to finalisation and any required approvals. The foundations were designed to accommodate a further three floors using concrete construction, or five floors using a steel structure. A proposal for residential accommodation comprising approximately 60 rooms provides further development potential, subject to structural verification and the necessary approvals.
BRANDING EXPOSURE
The property’s street frontage and position within an active CBD trading corridor provide exposure to pedestrian, vehicular and public transport traffic. Existing signage already contributes to ancillary income, while the proposed digital billboard could further utilise the building’s exposure. Shoprite’s presence contributes to the centre’s identity and established retail profile.
LOCATION
Traders Triangle is positioned within Durban’s established inner-city retail and wholesale precinct on Dr Pixley KaSeme Street. The combination of an established anchor tenant, longstanding supporting occupiers, nearby public transport and onsite parking supports its continued role as a trading destination. Its substantial accommodation, existing income streams and energy infrastructure present an investment with scope for further letting and ancillary income growth.
