floor (± 330 m²) Commercial Component (Retail/Factories/Offices) | Double Storey Workshop/
Factory Component (± 260 m²) | Gross Annual Income: ± R1.2 Million | Close to tertiary
institutions | Potential Student accommodation for ± 100 Students | On-site parking

This residential 6 storey block of flats comprises of 32 bachelor apartments each with own bathroom and kitchenette. It further comprises of the ground floor retail component and a first-floor commercial component currently used as offices. On site parking is available on a driveway which leads to a double storey premises at the rear. This component comprises of open plan workshops on each level. The property is currently generating a gross annual income of R1.2 million.

This property is situated within the suburb of Berea, close to the suburb of Congella, which is a traditional industrial and commercial node, situated west and approximately a kilometer from Durban’s Central Business District and close to the Durban Harbour. The property is set on the suburb’s north eastern border and offers easy access to the Durban CBD. Various tertiary institutions are positioned with walking distance from the property. The property is set on Magwaza Maphalala (Gale) Street, which runs from the northern region of the harbour to the city centre. Other main traffic routes in the area include Sydney Road who carries traffic away from the city centre.

The immediate neighbourhood consists of industrial properties comprising blocks of residential flats, workshops, warehousing, factory and offices, commercial and retail components. The property is well positioned in terms of necessary amenities including Durban Harbour, emergency, medical, education services and transport facilities. The property enjoys excellent exposure to high levels of vehicular traffic.