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Durban Auction by In2assets Property Specialists

SAIA member In2assets Property Specialists Auction in KwaZulu-Natal

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DURBAN COMMERCIAL PROPERTY
ON AUCTION - NATIONAL LANDMARK, RETAIL & COMMERCIAL BUILDING DURBAN  
 18 FEB 2020 AT 13:00 CAT  
COMPLETED
Description:

 This incredibly well positioned property has been the home of a national retailer for over two decade. This site parcel consists of 11 ervens with a combined extent of 5 567 m². The Gross Lettable Area within the property is approximately 14 600 m². This iconic commercial and retail building is positioned within the heart of the Durban CBD, exposed to very high volumes of vehicular and pedestrian traffic. Dr Pixley Kaseme (West) Street is set for a transformation into a pedestrian dominated linear park and upgrading of the public transport connection through the Durban CBD has already begun. Currently a portion of the property is occupied by Shoprite Checkers however national retails such as Clicks, Home Choice and Pepkor are showing interest to occupy the property due to the evidence of the transformation of the Durban CBD into an inspiringly diverse environment.


The property is located within the busiest node of the Durban CBD on Dr Pixley Kaseme (West) Street and also has access and frontage to Anton Lembede (Smith) 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 eThekweni 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.

Features:
  IN2ASSETS PROPERTY SPECIALISTS
Address   409 – 423 Dr Pixley Kaseme (West) Street, Durban Central, Durban, KwaZulu-Natal
Telephone Cell   Virend Deonarain    0315747600 (T)     0713831735 (C)
Email   vdeonarain@in2assets.com
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FEATURED AUCTIONS No 31 of 46 < PREV NEXT >
CAPE TOWN AGRICULTURAL PROPERTY, AGRICULTURAL VEHICLES AND MACHINERY
  
Live Auction Starts: 03 MAR 2020 AT 12:00 CAT  
 
LIQUIDATION SALE OF MASSIVE AGRICULTURAL PROPERTY ±30KMS FROM ELANDS BAY WITHIN THE WESTERN CAPE
Liquidation Sale of Massive Agricultural Property ±30kms from Elands Bay Within The Western Cape
Address   Along R366 Regional Road, Elands Bay, Western Cape, GPS: 32°22'24.3, Cape Town, Western Cape
Telephone Cell   Catherine Pritchard +27 (0)21 702 3206 | +27 (0)71 603 4478
Email   catherine.pritchard@liquidityservices.com | capetownmarketing@liquidityservices.com
         
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