Property description

Overview The building is a 23-storey structure located in the Durban Central Business District (CBD) along Smith Street. It features a total of 17 floors dedicated to lettable space, amounting to an impressive total of 10,601 square meters. The remaining six floors are designated for parking, accommodating up to 81 vehicles.

Lettable Space The lettable space is distributed across the upper floors of the building. With a total area of 10,601 square meters, this space can be utilized for various commercial or residential purposes. Given its proximity to educational institutions such as Durban University of Technology (D.U.T) and the University of Durban, there is significant potential for conversion into student accommodation. This could cater to the growing demand for housing among students in the area.

Parking Facilities The building includes six dedicated parking floors that can house up to 81 cars. This feature is particularly advantageous in urban settings where parking can be limited and costly. The availability of ample parking spaces enhances the attractiveness of the property for both commercial tenants and potential residents.

Ground Floor Amenities On the ground floor, there are several retail options that enhance foot traffic and accessibility:

• A Vogue branding shop, which likely offers fashion or lifestyle products.

• A furniture shop, providing home furnishings and decor.

• An ABSA ATM machine, offering banking services to customers and enhancing convenience for visitors.

These amenities not only serve local residents but also attract passersby, contributing to the overall vibrancy of the location.

Location Advantages Situated in a bustling area of Durban CBD along Smith Street, this building benefits from high visibility and accessibility. Its close proximity to D.U.T and Durban University makes it an ideal candidate for conversion into student accommodation. The demand for affordable housing near educational institutions continues to rise, making this property a potentially lucrative investment opportunity.

In summary, this 23-storey building presents a unique combination of commercial space, parking facilities, and strategic location that could be leveraged effectively for various uses, particularly as student accommodation due to its proximity to major universities.