AUCT-001895 | On Auction

Flagship Commercial Building in Musgrave

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    2023-03-16 11:00:00
    Flagship Commercial Building in Musgrave

    Flagship Commercial Building. 135 Musgrave Road, Musgrave

    Extent: ± 2 768 m² | GLA: ± 5 346 m² | Multi-Level commercial building | Blue chip tenants | High exposure position | Retail & commercial sections | Basement parking

    Musgrave, KwaZulu-Natal


    In2assets is pleased to present a first to market flagship property located along Musgrave Road, directly adjacent to the Musgrave Centre, at 135 Musgrave Road. The property is an iconic high rise commercial building with a multitude of different tenants ranging from retail, to education, to bank vault storage and offices. The property houses blue chip tenants which include the IBV international bank vaults and Richfield. The property offers tremendous upside on a reconfiguration of the retail section on the ground floor and a repurposing of the offices at the top of the building. The building currently has a number of secure basement parkings.

    The location of the property is a major drawcard as the property offers an unparalleled position along one of Durbans most popular roads. 135 Musgrave Road not only offers an established commercial position but also allows access to the high levels of passing trade, both pedestrian and vehicular.

    This multi-level building has a host of highly exposed retail shops on the ground level, an internal escalator leads to the 2nd floor where Richfield education, the biggest tenant in the building who occupy two floors, is situated. The parking is situated in the middle of the building over a number of floors and is situated above Richfield but below the top level of the building which is made up of various offices. The basement, which is beneath the ground level, is currently let by the International Bank Vaults.
    Commercial Type:
    Commercial Building
    Web Reference:
    AUCT-001895
    List price:
    POA
    Address:
    135 Musgrave Road, Musgrave, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club
    Mount Edgecombe
    Durban
    KwaZulu Natal
    Auction Date:
    16 March 2023 11:00 am



    Auctioneer:
    Auction Terms and Conditions:
    R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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    Luke Hearn
                                        In2assets Representative

    Luke Hearn

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