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963m² Business For Sale in Point Waterfront

R6,500,000

Web Ref No CL1352

Durban Landmark Building For Sale

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)

Cell 083 556 4941
Office (031) 335 3660
WhatsApp Me

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