This frontline retail property comprises a 7-storey building, with ground floor retail, mezzanine level and upper floors which can be used as offices, storage or even converted in to residential apartments. There is a penthouse above the 4th floor. This property will be sold with vacant occupation. The Gross Lettable Area of approximately 1 433 m² excludes extents of the common passages on each floor, lift and stairways. This property is one of the few properties in the CBD that has its own new meter room which is not in the basement.

The ground floor tiled retail area is accessed via a roller shutter door off West Street. This roller shutter door is not in working order but currently can be operated manually. It should be noted that an industrial split unit air-conditioner in the retail shop will not form part of the sale of the property. Drywalls separates the main retail area from the rear of the shop which comprise of a 2x toilets, basin and steel staircase to the mezzanine level. The mezzanine level can also be accessed via the lift. A common passage on the mezzanine level allows for easy and organized storage. The ground floor has a height of approximately ±3.2 m and the mezzanine level a height of approximately ±2.8 m.

The next 4 levels are similar in layout and each floor consists of 2 wings separated by the common lift and stairways. The front component facing West Street of each floor comprises of 1 or 2 toilets, a bathroom or shower and drywall partitions forming either offices or bedrooms. The rear component of each floor is of similar layout and comprises of ablution and kitchen facilities with either open plan or drywall partitioned offices accessed from a common passage.

The penthouse level of the building comprises of a penthouse with a 2-bedroom, lounge, bathroom and kitchenette accommodation. This level also accesses the roof top as well as the lift room.

The property is located within the busiest node of the Durban CBD on Dr Pixley Kaseme (West) Street. The property falls within the Durban Central precinct, as per eThekwini’s new Urban Development Zone (UDZ). This is one of nine new precincts demarcated within the greater central city, together forming the UDZ. The aim of creating this zone is to stimulate new investment and urban regeneration to the central parts of the eThekwini city, through tax saving incentives applicable to new development or building restoration.

The neighbourhood within the immediate vicinity of the subject property comprises mostly of street level retail space on the ground floor and offices and flats on the upper floor levels.

The property is on a level site which is rectangular in shape and offers frontage onto Dr Pixley Kaseme (West) Street which is subject to high volumes of pedestrian and vehicular traffic.

Viewing:
Thursday 14th April 2022 from 2pm to 4pm