This iconic Durban Landmark building, the former Victoria Bar, located at the entrance to the Durban Point Waterfront precinct consists of a double storey restored commercial building. The building which is of historical significance and is a listed building has a ground floor of 247m/sq and a First Floor of 229m/sq. The internals are white box shells which allows a potential purchaser the freedom to design the interior to their requirements. Each floor has a set of ablution facilities.
On the Shepstone Road frontage there is an additional building on the ground floor with an extent of 382m/sq. This building, we believe is not listed and thus could be demolished. This building has also not been refurbished. There is a small yard fenced in on the Shepstone Road frontage.
Both building have recently had the rooves replaced.
The property / land is leasehold; thus, a lease is in place with eThekwini Municipality for a period of 25 years with a rental being due to eThekwini Municipality at an approximate rate of R 10 000,00 / month (Excl. VAT).
Features
Title Leasehold
Zoning Commercial
Monthly Rates R7,330.75pm Excl. VAT
Monthly Levy R10,000.00pm Excl. VAT
Floor Size 963m²
Land Size 1,300m²
Broker Contact Details
Trevor Martin
Non-Principal Property Practitioner Registered with PPRA (FFC 202 238 758 8)