Insolvency Auction Phoenix Property Durban
Commercial & Residential Block For Sale

LIVE, WORK, RUN YOUR BUSINESS IN PHOENIX DURBAN

TO BE OFFERED WITH THE LEASE AGREEMENT AND THEREAFTER WITHOUT THE LEASE AGREEMENT

Portion 0 of Erf 430 Shastri Park, Registration Division FU in eThekwini Municipality, Province of Kwazulu-Natal in extent of 611sqm held under Title Deed Number: T27177/2016

Address: 1 Cobble Park Road, Phoenix, Shastri Park, Phoenix, KwaZulu-Natal - Extent: 611m²

Zoning                         

NB.: The records at the local municipality show that: Erf 430 Shastri Park is zoned Suburban Office.

Located on the corner of Palmview Drive and Cobble Park Road, this split-level commercial and residential building represents a well-performing investment asset within the vibrant Phoenix community.

The property spans 611sqm and includes a ground-floor retail shop, medical practices, and residential units on the upper level. Each space has been thoughtfully finished, with the retail area featuring tiled floors, aluminium shopfronts, and modern lighting, while the upper residential units provide comfortable three-bedroom layouts with en-suite bathrooms.

With a Gross Lettable Area of 520sqm, on-site asphalt parking, and all municipal services connected, this property delivers a steady income stream from a diverse mix of tenants — an ideal scenario for passive investors or property funds.

Highlights:

• Mix of retail, medical, and residential units
• Prime dual-road frontage (38m + 20m)
• Fair overall condition, solid structure

This is an excellent opportunity to acquire a ready-to-perform investment property in one of Durban’s strongest rental markets.

For more info contact Danielle 033-397-1190 or email reception@maskell.co.za