10 600 m² Commercial space in 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 lettablecommercial 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 accommodationcommercial 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.