AUCT-001634 | On Auction

Commercial Property in Durban Cbd

100 Stalwart Simelane (Stanger) Street, Durban Central, Durban, KwaZulu Natal

Multi-Level Mixed Use Property. 100 Stalwart Simelane (Stanger) Street, Durban CBD

Triple storey building | Gross Lettable Area: ± 1650 m² (± 550 m² per floor) | Sold partially tenanted | Triple story building | Perfect as car showroom, offices, light industrial or residential conversion


This mixed-use commercial property is improved to a triple storey building comprising of warehousing and factory space with offices. The property is exposed to high levels of passing foot and vehicular traffic and has easy access to the inner city. Most of the offices and spaces created within the building have been constructed with either drywall partitioning This would allow one the opportunity to re-design the interior of the property for an alternative use.

The ground floor obtains vehicular access from both Stalwart Simelane (Stanger) Street and Palmer Street via roller shutter doors. There is also vehicle access from Palmer Street which leads directly to a goods hoist which also services both the first and second floor. Pedestrian access is directly off Stalwart Simelane (Stanger) Street via shopfront doors and a security gate. It comprises of 2 retail units which have access from Stalwart Simelane (Stanger) Street and open warehouse with an office, ablution facilities and walk in safe.
The first floor is accessed from the common stairway and comprises a reception area, an air-conditioned office and board room partitioned with part aluminium & glass, drywalling and lower-level brickwork. It further comprises of a warehouse area with kitchen and ablution facilities.

The second floor is accessed from the common stairway and comprises of factory space with an undercover area utilized as a canteen area by the staff. There is a fire escape located at the rear of the building which can be accessed from all floors. The property is located at the corner of Stalwart Simelane (Stanger) Street and Palmer Street. The property fronts onto Stalwart Simelane (Stanger) Street, approximately 200 m from the Durban ICC Arena and within walking distance to The Victoria Embankment.

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 property comprises mostly retail space on the ground floor and offices and flats on the upper floor levels. Some accommodation has been upgraded, whilst general landscaping and improved cleanliness and security have stimulated new investment in the area.

Stalwart Simelane (Stanger) Street is a continuation of the M4 north bound Arterial Road which runs through the Durban CBD from the Esplanade. The Durban Harbour is easily accessible as well as the N3 Freeway. The property is well serviced in terms of necessary amenities including emergency, medical, educational services and transport facilities.

Commercial Type:
Commercial Building
Web Reference:
AUCT-001634
List price:
POA
Address:
100 Stalwart Simelane (Stanger) Street, Durban Central, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
21 April 2022 11:00 am



Auctioneer:
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 21 April 2022 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


Contact Us!



 * I agree to the In2assets Privacy Policy
 Add me to the mailing list & WhatsApp to receive the latest property listings.