PRIME 23-STOREY COMMERCIAL PROPERTY FOR SALE – DURBAN CBD
Prime investment opportunity on Smith Street – Ideal for Student Accommodation, Commercial or Residential Development
A landmark 23-storey building situated at Durban CBD, positioned prominently on Smith Street in a vibrant and highly accessible location.
The building offers approximately 10,600 m² of lettable space across 17 floors, providing significant potential for investors, developers, and owner-occupiers.
PROPERTY FEATURES
23-storey building
Approximately 10,600 m² of lettable space
17 floors dedicated to lettable/commercial space
6 floors of parking for approximately 81 vehicles
Ground-floor commercial shops providing additional income potential
Suitable for commercial, residential or mixed-use purposes
Excellent visibility and accessibility from Smith Street
Close proximity to Durban University of Technology (DUT)
Strong potential for conversion into student accommodation
Prime location within the Durban CBD
Opportunity to generate multiple income streams from shops, parking and upper-floor accommodation/commercial space
DEVELOPMENT POTENTIAL
Given its strategic location close to the DUT campus, the property is ideally positioned for conversion or redevelopment into student accommodation, subject to the necessary approvals.
The existing ground-floor retail component can provide an additional rental income stream, while the upper floors offer substantial development potential for student accommodation, residential units, offices or other commercial uses.
ASKING PRICE: R55,000,000 NEGOTIABLE
This is a rare opportunity to acquire a substantial CBD asset with significant redevelopment and income-generating potential in one of Durban's established commercial locations.
Serious investors and developers are invited to enquire for further information and to arrange a viewing.
A landmark 23-storey building situated at Durban CBD, positioned prominently on Smith Street in a vibrant and highly accessible location.
The building offers approximately 10,600 m² of lettable space across 17 floors, providing significant potential for investors, developers, and owner-occupiers.
PROPERTY FEATURES
23-storey building
Approximately 10,600 m² of lettable space
17 floors dedicated to lettable/commercial space
6 floors of parking for approximately 81 vehicles
Ground-floor commercial shops providing additional income potential
Suitable for commercial, residential or mixed-use purposes
Excellent visibility and accessibility from Smith Street
Close proximity to Durban University of Technology (DUT)
Strong potential for conversion into student accommodation
Prime location within the Durban CBD
Opportunity to generate multiple income streams from shops, parking and upper-floor accommodation/commercial space
DEVELOPMENT POTENTIAL
Given its strategic location close to the DUT campus, the property is ideally positioned for conversion or redevelopment into student accommodation, subject to the necessary approvals.
The existing ground-floor retail component can provide an additional rental income stream, while the upper floors offer substantial development potential for student accommodation, residential units, offices or other commercial uses.
ASKING PRICE: R55,000,000 NEGOTIABLE
This is a rare opportunity to acquire a substantial CBD asset with significant redevelopment and income-generating potential in one of Durban's established commercial locations.
Serious investors and developers are invited to enquire for further information and to arrange a viewing.
Features
Zoning
Sizes
Parking Bays
Listing Info
Print
Theo Govender
Commercial Agent
Durban Central, Durban
- Street map
- Street view
Finance
Total Amount Repayable
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Monthly Repayment
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Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
