R 999 999 999 | building property for sale in durban central

Ground Floor GLA: /- 930 sqm | 11th & 12th Floor offices combined: GLA: /- 1 750 sqm | Gross Annual Income: /- R 3.4 Million | 29 Secure Parking Bays | Sold individually and as a combined lot This property provides an investment opportunity within the Durban CBD. The 4 sectional title units are positioned on the ground floor (retail), on the 11th and 12th floor of the Metlife Building on 391 Anton Lembede (Smith) Street. The plus to this investment opportunity is that 29 secure parking bays are allocated exclusively to the 4 units. The property is located within the busiest node of the Durban CBD on the corner of Anton Lembede (Smith) Street and Fenton Road. 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.