Student / Residential accommodation conversion opportunity in the heart of Durbans CBD. Within 3km of The Durban University of Technology and under 7kms to the University of KZN Campuses. This 11 storey building, zoned General Business, comprises of Retail and CMT mini factory in extent of 928sqm with a total GLA of 6,300sqm made up of 550sqm ground floor retail, 800sqm of ex cinema space on the first and second floors. Floor plates for floors 3 to 11 of 550sqm each totally 4,950sqm. The property is surrounded by numerous retail, commercial, light industrial and residential development. There are currently 3 lifts on the property, 2 of which are for passengers and one goods lift. The property is currently 70% let with the cinema level and the 11th floor being vacant.
Central Durban is broadly defined as Durban CBD, CBD Fringe, Kingsmead, Point and Berea. The established decentralised nodes are defined as Westville, Kloof, Hillcrest and the Umhlanga, Riverhorse, La Lucia and Mt Edgecombe nodes.
Durban is the largest city in the province of KwaZulu-Natal and is located approximately 600km from Johannesburg making it very popular with local and international...
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