R 11 000 000 | office property for sale in durban central

Commercial Property for Sale in Durban. Great opportunity to Acquire this 5 Story Building in the Durban CBD area close to City Hospital and Greyville. The CBD is busy with a wide range of mixed-use properties. Densification at its best in Durban with Diverse Investment Options from Residential apartments, Student accommodation, CMT and retail properties spread throughout. Durban is a key economic hub in South Africa, and the central area is often at the heart of this growth. This can lead to appreciation in property values over time. Redevelopment Projects are the popular trend currently, There has been significant redevelopment push in Durban central, including the Point Waterfront which is undergoing a R35 billion mixed-use development. Such projects can increase the attractiveness and value of the area1. High Demand for Rentals, Durban central has a reputation for excellent buy-to-let opportunities, with a strong demand for rental properties. This Specific Build is in between two streets. The front of the building is on the popular transport route that has busses that go from CBD through Umgeni road as well as the long-standing taxi rank across the road by teacher's center. The building is located close to the start of the N3 and easy access to the M4. The building houses a CMT factory which these types of businesses are popular in the area and has some ground floor retail as well as a few vacant floors. There is also a great roof top with a view. Ideal for a student accommodation conversion. Contact broker for more info.