R 39 000 000 | building property for sale in durban central

EX TELKOM BUILDING – PRIME BEACHFRONT DEVELOPMENT OPPORTUNITY | SNELL PARADE, DURBAN Positioned within Durban’s sought-after Beachfront Precinct, this iconic 9-storey former Telkom building presents an exceptional redevelopment opportunity in one of the city’s most vibrant coastal nodes. Set on a site of approximately 1,927m², the property offers a substantial gross building area of approximately 10,282m². The structure comprises multiple expansive floor plates, including six primary floors totalling approximately 7,170m², complemented by additional mezzanine levels of approximately 420m². The property is offered with vacant occupation, allowing immediate redevelopment or repositioning to suit a variety of high-end uses. Property Highlights 9-storey building in a prime beachfront location Generous floor plates ideal for flexible reconfiguration Panoramic views of the Indian Ocean from upper levels Exceptional natural light and coastal airflow Positioned directly behind the Balmoral Hotel and just metres from the beachfront Location Advantages Situated along the prestigious Snell Parade Close proximity to key attractions such as uShaka Marine World, Suncoast Casino, and the Durban ICC Easy access to major transport routes and King Shaka International Airport Well-connected to public transport networks Located within a vibrant, high-traffic tourism and lifestyle hub Development Potential This property lends itself to a wide range of redevelopment opportunities, including: Luxury residential apartments Boutique hotel or hospitality offering Mixed-use development (residential, retail, and leisure) Corporate offices or co-working spaces Short-term rental or holiday accommodation Investment Appeal With its unbeatable beachfront positioning, large-scale footprint, and proximity to Durban’s key attractions, this property offers outstanding potential for investors and developers seeking to capitalise on the growing demand for coastal living and tourism-driven accommodation.