R 55 000 000 | building property for sale in durban central

Prime Durban CBD Investment Opportunity – High-Rise Commercial Building with Exceptional Conversion Potential Unlock the Potential of a Landmark CBD Asset Positioned in the heart of Durban's bustling Central Business District on Smith Street, this impressive 17-storey commercial building presents an outstanding opportunity for investors, developers, and property funds seeking a high-yield asset with multiple income streams and significant value-add potential. With over 17,154 m² of lettable space, ample on-site parking, established retail tenants, and additional telecommunications rental income, this property is perfectly suited for continued commercial use or a strategic conversion into student accommodation or mixed-use residential apartments. Property Highlights 17-storey landmark building in a prime Durban CBD location. 17,154 m² of lettable office and retail space. Six dedicated parking levels accommodating approximately 80–81 vehicles. Ground-floor retail tenants generating foot traffic and enhancing visibility. Existing ABSA ATM providing added convenience for tenants and visitors. Rooftop Telkom and Vodacom telecommunications towers, delivering additional rental income. Excellent exposure along one of Durban CBD's busiest streets. Exceptional Redevelopment Potential One of this property's greatest strengths is its location within easy reach of major tertiary institutions, including the Durban University of Technology (DUT) and nearby universities and colleges. The growing demand for quality student accommodation in Durban CBD creates an exceptional opportunity to convert the building into modern student residences, co-living spaces, or a mixed-use development combining residential, retail, and commercial uses. This redevelopment potential offers investors the opportunity to unlock substantial long-term returns while addressing the increasing demand for centrally located accommodation. Established Income Streams The property already benefits from diversified revenue sources, including: Commercial office rentals Ground-floor retail tenants Parking income Telecommunications tower lease income from Telkom and Vodacom These existing income streams provide a strong foundation while future redevelopment plans are explored. Prime CBD Location Situated in one of Durban's busiest commercial precincts, the property enjoys: High pedestrian and vehicle traffic Excellent public transport accessibility Close proximity to universities, government offices, banks, and retail amenities Strong visibility for commercial tenants Convenient access to major transport routes An Investment with Unlimited Possibilities Whether your vision is to retain the property as a commercial investment, reposition it into premium student accommodation, develop residential apartments, or create a vibrant mixed-use destination, this building offers the scale, location, and infrastructure to deliver exceptional returns. Enquire Today Rare opportunities of this size and strategic location seldom become available. Contact us today to arrange a private viewing, request the full investment information pack, and discover how this exceptional Durban CBD property can become your next high-performing investment.