10 600 m² Commercial space in Durban CBD

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PRIME 23-STOREY COMMERCIAL PROPERTY FOR SALE DURBAN CBD Prime investment opportunity on Smith Street Ideal for Student Accommodation, Commercial or Residential DevelopmentA landmark 23-storey building situated at Durban CBD, positioned prominently on Smith Street in a vibrant and highly accessible location.The building offers approximately 10,600 m² of lettable space across 17 floors, providing significant potential for investors, developers, and owner-occupiers.PROPERTY FEATURES23-storey buildingApproximately 10,600 m² of lettable space17 floors dedicated to lettablecommercial space6 floors of parking for approximately 81 vehiclesGround-floor commercial shops providing additional income potentialSuitable for commercial, residential or mixed-use purposesExcellent visibility and accessibility from Smith StreetClose proximity to Durban University of Technology DUTStrong potential for conversion into student accommodationPrime location within the Durban CBDOpportunity to generate multiple income streams from shops, parking and upper-floor accommodationcommercial spaceDEVELOPMENT POTENTIALGiven its strategic location close to the DUT campus, the property is ideally positioned for conversion or redevelopment into student accommodation, subject to the necessary approvals.The existing ground-floor retail component can provide an additional rental income stream, while the upper floors offer substantial development potential for student accommodation, residential units, offices or other commercial uses.ASKING PRICE: R55,000,000 NEGOTIABLEThis is a rare opportunity to acquire a substantial CBD asset with significant redevelopment and income-generating potential in one of Durban''s established commercial locations.Serious investors and developers are invited to enquire for further information and to arrange a viewing.

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