13357 m² Commercial space in Durban CBD

POA

Virend Deonarain

In2Assets Properties

13357 m² Commercial space in Durban CBD

POA

Address: 409 - 423 dr pixley kaseme (west) street
Floor Area 13357 m²

GLA: +/- 13 357 sqm | Current tenant - Shoprite Checkers (+/- 3 700 sqm) | Lease negotiations with national retailers | Road frontage to Dr Pixley Kaseme (West) Street and Anton Lembede (Smith) Street | Mass market exposure | Potential Gross Annual Income: +/- R 14 million

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 sqm. The Gross Lettable Area within the property is approximately 13 357 sqm. 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, national retailers such as Clicks, Studio 88, Home Choice and Mad Fashion are showing interest to occupy the property due to the evidence of the transformation of the Durban CBD into an inspiringly diverse environment. Lease negotiations are currently in process.

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.

Read More

Email the Agent or request the agent Call You Back should you require any further details.

Contact Agent

Sending Message...
By sending, you agree to Private Property's terms and conditions

Photo Gallery

Virend Deonarain

Share this Property

Experience Durban Central

Durban Central is a diverse, colourful neighbourhood that includes the beachfront areas, the Berea, Morningside, Glenwood, Musgrave and the CBD. The beach is the biggest attraction and locals flock the promenade to cycle, run, surf, swim, fish or just catch some sun. There are also incredibly lush parks and open spaces dotted around the neighbourhod for residents to take advantage of. The nightlife in Durban Central is exciting with numerous bars, pubs, restaurants and night clubs in close proximity to each other. As its name implies, Durban Central's location makes it convenient to get to any of the other areas around Durban.

Find out more about Durban Central

13357 m² Commercial space in Durban CBD

POA

13357  m² Commercial space in Durban CBD photo number 1
13357  m² Commercial space in Durban CBD photo number 2
13357  m² Commercial space in Durban CBD photo number 3
13357  m² Commercial space in Durban CBD photo number 4
13357  m² Commercial space in Durban CBD photo number 5
13357  m² Commercial space in Durban CBD photo number 6
13357  m² Commercial space in Durban CBD photo number 7
13357  m² Commercial space in Durban CBD photo number 8
13357  m² Commercial space in Durban CBD photo number 9
13357  m² Commercial space in Durban CBD photo number 10
13357  m² Commercial space in Durban CBD photo number 11
13357  m² Commercial space in Durban CBD photo number 12
13357  m² Commercial space in Durban CBD photo number 13
13357  m² Commercial space in Durban CBD photo number 14
13357  m² Commercial space in Durban CBD photo number 15
13357  m² Commercial space in Durban CBD photo number 16
13357  m² Commercial space in Durban CBD photo number 17

Contact Agent

Sending Message...
By sending, you agree to Private Property's terms and conditions

3D View

Video Tour

Apply for a Home Loan

Contact Agent