One of the auction’s main attractions was the sale of an entire Durban CBD block sold as a single lot for R18.94 m.

The property comprises 2 neighbouring properties located at 150-158 Smith Street and 161-173 West Street. The properties run across West and Smith Streets, two of the main arterials situated within the Durban CBD and its central location ensures it gains maximum exposure from the high volumes of passing vehicle and pedestrian traffic.

150-158 Smith Street is occupied by Chevrolet, who is the anchor tenant, and features a combination of 2 and 3 storey retail buildings including a car dealership, showrooms, offices and various workshops.  161-173 West Street, a double storey retail property, consists of an array of showrooms, offices and storerooms. Together, the multi-level properties boast a joint GLA of 8587m² and have been well-maintained.

Comments Rainer Stenzhorn of Auction Alliance, “The sale of this property demonstrates the considerable increase of investment activity currently occurring within the CBD and indicates a significant return of investor confidence in the regeneration and upgrading of Durban’s inner city areas”.

For further information contact Rainer Stenzhorn on 082 321 1135 or email This email address is being protected from spambots. You need JavaScript enabled to view it.