Auctions in DURBAN

location in South Africa province Kwazulu Natal, Bluff, Durban

R9 999 999 999

Ad ID 140331

Property Description

Property 1: 731 m Ground floor retail space | Optional vacant or tenanted | Present gross annual income: R1,049,700.00 | Property 2: 5 Residential sectional title units above retail | Annual rental income: R613 800.00Mixed use retail and residential building situated within Durban CBD. The subject property falls within the Durban Central precinct, as per eThekwinis 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 eThekwini city, through tax saving incentives applicable to new development or building restoration.

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