NEW
Web Ref CL35058
1,290m² Retail For Sale in Durban Central
Ideally positioned on the prominent and busy Anton Lembede Street, this double-storey corner retail block offers exceptional exposure in the heart of Durban CBD.
The sale includes two erven. The main retail building is fully tenanted, generating immediate rental income, and has been recently renovated to an excellent standard. The retail tenants are on month-to-month leases, providing flexibility to reposition the asset.
The second erf comprises a tenanted parking lot with approved plans for a ±530m² warehouse, offering additional income and immediate development potential.
With a combined erf size of ±860m², a GLA of ±860m², and additional bulk available for a high-rise development, this is an exceptional opportunity for investors and developers alike.
Investment Highlights
Prime corner position with frontage onto Anton Lembede Street
Two erven included in the sale
Fully tenanted with immediate rental income
Month-to-month leases offering flexibility and value-add potential
Recently renovated and in excellent condition
Income-generating parking erf with approved ±530m² warehouse plans
Additional development bulk for a high-rise building
Investor pack available on request, including tenancy schedule and financial information
The sale includes two erven. The main retail building is fully tenanted, generating immediate rental income, and has been recently renovated to an excellent standard. The retail tenants are on month-to-month leases, providing flexibility to reposition the asset.
The second erf comprises a tenanted parking lot with approved plans for a ±530m² warehouse, offering additional income and immediate development potential.
With a combined erf size of ±860m², a GLA of ±860m², and additional bulk available for a high-rise development, this is an exceptional opportunity for investors and developers alike.
Investment Highlights
Prime corner position with frontage onto Anton Lembede Street
Two erven included in the sale
Fully tenanted with immediate rental income
Month-to-month leases offering flexibility and value-add potential
Recently renovated and in excellent condition
Income-generating parking erf with approved ±530m² warehouse plans
Additional development bulk for a high-rise building
Investor pack available on request, including tenancy schedule and financial information
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
1,290m²
Land Size
860m²
