Friday, 20 November 2015 02:25

Rare Property Opportunities in Durban CBD

Written by
Rate this item
(0 votes)

In2assets Property Specialists, are delighted to have been entrusted with the sale by public auction, of two properties on Dr Yusuf Dadoo (formerly Grey) Street, whose rich history can be dated back to the 1950’s.

Yusuf_Dadoo_247

The properties, located at 242-246 Dr Yusuf Dadoo Street & 247 Dr Yusuf Dadoo Street respectively, have been in in the ownership of the Porbandar Madressa Trust since 1955 & 1960.

The trust was constituted in 1891, in the then colony of Natal, and was set up with a charitable objective and continues to function to this day. The Trust has resolved to sell these historic buildings as it has plans to utilise the proceeds from the sale for another charitable project that it has in mind.

Each building offers a prospective purchaser something unique, with the Porbandar Building situated at 242-246 Dr Yusuf Dadoo Street being a busy arcade type commercial building which would very much suit redevelopment given its location close to the busy taxi rank on Johannes Nkosi (Alice) Street.

247 Dr Yusuf Dadoo Street, also known as Madressa Manzil, is a mixed used property with 30 flats and 10 ground floor shops and offers a long term income stream to a savvy investor.

Both properties will be sold by auction on 2 December 2015 at 11:00 at the Durban Country Club as part of the In2assets combined property auction.

Last modified on Friday, 20 November 2015 07:03

Most Popular

Getting into the buy-to-rent market without risking everything

May 03, 2017
Garry Palmer
A low growth economy and a rising cost of living has given property investors pause for…

Nedbank's Private Wealth is growing their presence in the Western Cape

Apr 25, 2017
Nedbank Private Wealth Logo
We are thrilled to announce that we have opened a new office in Stellenbosch.

Attacq appoints Jackie van Niekerk as Chief Operating Officer

May 05, 2017
Jackie van Niekerk md
Attacq announces the appointment of Jackie van Niekerk as the JSE listed capital growth…

Fourleaf Estate in PE is Africa's first residential development to receive full EDGE certification

May 05, 2017
Fourleaf Estate pic
The Green Building Council South Africa (GBCSA) has announced that the Fourleaf Estate…

Midrand residential property market continues to boil - Gauteng¹s fastest growing centre continues to attract investment

May 11, 2017
Waterfall Country Estate R9 95million
While house price growth in Gauteng has shown tentative signs of recovery in the last 12…