Property description

This substantial multi-storey commercial building in Umbilo, Durban, presents a significant redevelopment opportunity for discerning investors and businesses. Boasting an impressive 2500 sqm under roof on a 655 sqm erf, this property offers vast potential to be transformed into a thriving commercial hub within a dynamic urban-industrial district.

The expansive floor plan includes bathrooms and kitchens on each of the 5 floors areas, providing a versatile layout suitable for multiple tenants or diverse operational needs. Ground-floor access features a large bay door, ideal for warehousing, workshops, or retail operations, complemented by numerous windows throughout the upper levels ensuring ample natural light. The property's robust structure and considerable space allow for creative reconfiguration to meet specific business requirements, from offices to light industrial uses. There is a lift and a goods lift that goes to each floor both in working order.

Strategically positioned in Umbilo, a bustling commercial and industrial node, the property benefits from its proximity to the port and major transport routes. This location offers excellent logistical advantages and visibility, making it an ideal investment for those looking to capitalise on the area's economic activity in Durban. The potential for a strong return on investment is evident, given the demand for well-located commercial spaces in this vibrant South African city.

With five dedicated parking bays, the property addresses essential operational needs. While the building requires modernisation, its inherent potential for a secure and highly functional commercial space post-renovation is undeniable. This is a unique chance to acquire a large-scale asset and unlock its full value through strategic development.

Key Features:
* Multi-storey commercial building
* 2500 sqm Floor Size
* 655 sqm Erf Size
* 5 Bathrooms
* 5 Kitchens
* 5 Parking Bays
* Large ground-floor bay door
* Located in Umbilo, Durban
* Significant renovation potential