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LIVE AUCTION :SECTION 221 SS THE ROYAL, 267 ANTON LEMBEDE (SMITH) STREET, DURBAN CENTRAL, DURBAN, KWAZULU NATAL COMMERCIAL PROPERTY AUCTION IN MOUNT EDGECOMBE, KWAZULU-NATAL AUCTIONED BY IN2ASSETS PROPERTY SPECIALISTS

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MOUNT EDGECOMBE - COMMERCIAL PROPERTY

LIVE AUCTION :SECTION 221 SS THE ROYAL, 267 ANTON LEMBEDE (SMITH) STREET, DURBAN CENTRAL, DURBAN, KWAZULU NATAL

DESCRIPTION:

± 520 m² Office Unit Within The Iconic And Popular Royal Hotel

Extent: ± 522 m² | Vacant Occupation | 20th Floor Office | Positioned within a hotel with immense heritage value

The subject unit forms part of a sectional title scheme known as SS The Royal, which commonly known as the “Royal Hotel” is an iconic and popular hotel with immense heritage value in the Durban CBD. The parent property is divided into the Royal Hotel and the Office components that front onto the busy Anton Lembede Street. The Royal Hotel occupies a corner site and is positioned fronting onto Anton Lembede (Smith) Street within the heart of the Durban Central Business District. It 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 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. Anton Lembede (Smith) Street is one of the main one-way arterial roads running from east to west and bisecting the CBD. The Victoria Embankment and the Durban Harbour are easily accessible; as are the M4 and N3 Freeways. The hotel is well appointed in terms of necessary amenities including the Durban Harbour, Durban International Airport, emergency, medical, educational services and transport facilities.

 

FEATURES:

 ± 520 m² Office Unit Within The Iconic And Popular Royal Hotel

Extent: ± 522 m² | Vacant Occupation | 20th Floor Office | Positioned within a hotel with immense heritage value

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