Durban CBD 23 Storey Commercial Building For Sale

Durban CBD 23 Storey Building For Sale

This prominent 23-storey structure is situated on Smith Street right in the heart of the Durban Central Business District (CBD). The building features an impressive 17 floors dedicated to commercial or residential space, offering a massive 10,601 square meters of potential. The property includes six dedicated parking floors, accommodating up to 81 vehicles. The ground floor of the property's utility features stores and an ABSA ATM.

The building's location on Smith Street and the standout benefit of this property is its immediate proximity to major educational institutions, specifically the Durban University of Technology (D.U.T) and the University of KwaZulu-Natal and close access to restaurants, the navy and shops, combined with the building's available space, creates a significant opportunity to convert the property into much-needed student accommodation. This building itself presents a lucrative investment opportunity, perfectly positioned to meet the rising demand for housing among residents and students in the area.