🏠 MULTI PROPERTY AUCTION ❗️ 🏠
THURSDAY ,27 MARCH 2025 @ 11:00 AM
VENUE: THE OYSTER BOX – 2 LIGHTHOUSE ROAD, UMHLANGA ROCKS
PRIME COMMERCIAL OFFICE BLOCK WITH CONVERSION POTENTIAL
Ideally positioned in the heart of Berea, Durban, this well-maintained three-storey commercial office block presents a lucrative investment opportunity. Whether retained as B-Grade office space or converted for residential or student accommodation (subject to municipal approvals), this property offers excellent potential due to its proximity to several tertiary institutions.
The building is currently occupied by three businesses operating from B-Grade office spaces. A combination of open-plan and individual offices across all three floors. The first and second floors primarily feature drywall partitions, offering flexible space reconfiguration options. The ground floor offices have concrete wall partitions for enhanced privacy and structure.
Amenities on Each Floor:
• Office components
• Storeroom
• Ablution facilities
• Kitchenettes
• Air-Conditioning: Ducted air-conditioning system with additional split unit air conditioners
Fully secured with palisade fencing and electric fencing, ensuring a safe working environment.
Parking & Driveways:
• 12 on-site parking bays
• 4 driveways for easy access:
• 3 access points from Morans Lane
• 1 access point from Che Guevara (Moore) Road
Given its strategic location near educational institutions, this property holds strong potential for residential or student accommodation conversion, subject to the necessary municipal approvals and consent. Investors seeking a well-positioned asset with flexible usage options will find this an attractive opportunity.
Movable assets within the property are excluded from the sale. The property falls under AMAFA heritage regulations, which may impact certain renovations or developments.
This is a rare opportunity to acquire a versatile commercial asset in a sought-after location. Whether continuing as office space or exploring a high-demand residential conversion, this property is well worth consideration. Contact us today for more information or to arrange a viewing!
FOR MORE INFO CONTACT IAN WYLES ON 082 490 3517
