Mixed-use building is part of Urban Development Zone
Frontline commercial property in Durban’s CBD is among the lots for the Aucor Property sale on April 29 at 11am at Durban Country Club.
The 14-storey building on offer is occupied by mixed-use tenants and has been sectionalised.
Five lifts serve the building, which fronts directly onto Dr Pixley Kaseme (West) Street in a part of the city which has high volumes of pedestrian and vehicular traffic.
Rona Pilllay, who is handling the sale for Aucor Property, says the property falls within the Durban Central Precinct, part of eThekwini’s 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 the zone is to stimulate new investment and urban regeneration in the central parts of the city, through tax- saving incentives for new development or building restoration.
“The neighbourhood of the property also comprises mainly retail space on the ground floor and offices and flats on the upper floor levels. Some accommodation has been upgraded, whilst general landscaping and improved cleanliness and security have stimulated new investment in the area,” Pillay adds.
For more details, contact Pillay at 082 304 5636 or 031 512 5150 or email email@example.com.