812 m² Commercial space in Durbanville Central

his large commercial building, situated in the heart of central Durbanville, presents an exceptional opportunity for investors. An existing tenant is keen to lease the auditorium, offering immediate income potential. The property benefits from its prime location, being close to all amenities and public transport. Zoned as Local Business 2 (LB2), it features a seating capacity for 300 in the main auditorium. As a sectional title unit, it allows for permissible development up to four levels, enhancing its versatility and value.

The property is ideally suited for various businesses, including corporate offices, coworking spaces, bed and breakfasts, churches, training centers, and consulting firms. The spacious auditorium is perfect for hosting seminars, workshops, or client presentations. For property developers, this building offers the potential to be converted into multi-use spaces such as retail outlets, fitness centers, or educational institutions. Key features include a ground-floor lobby currently configured as a coffee shop, future elevator provisions, a first-floor large auditorium, five individual office spaces, restrooms, a boardroom, meeting and training rooms, and a well-equipped kitchenette. Additional costs include property tax of R9,000.00 and water and electricity expenses of R6,000.00.