LIQUIDATION AUCTION OF LARGE MULTI-STOREY RESIDENTIAL PROPERTY SOUTH BEACH DURBAN

Register & Bid With Our Mobile App 26th March 2026 From 11h30

Bidding Opens: Thursday, 26th March 2026 at 11h30
Bidding Closes: *from 11h30, Friday, 27th March 2026

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Peter Maskell Auctioneers - Liquidation Auction Of A Large Inner-city Multi-storey Residential Building With 37-rooms: An ideal opportunity for investors and developers to acquire this building in the heart of South Beach, Durban

On behalf of the duly appointed Liquidators of Sanoqwabe Consultants CC (in liquidation) - Master’s Reference No.: N000202/2025

PROPERTY OVERVIEW

Portion 3 (of 1) and Portion 7 (of 6) of Erf 10094 Durban, Registration Division FU in eThekwini Municipality, Province of KwaZulu-Natal in extent 391sqm and 9sqm

 Address: 18 Rutherford Street, South Beach, Durban  - Extent: 391m² and 9m²

 An exceptional high-density residential redevelopment opportunity located in the heart of South Beach, Durban.

This three-storey residential building with an additional roof level is situated on two adjoining erven and offers a total of 37 rooms across four floors, making it ideal for student accommodation, backpacker housing, or affordable urban rentals.

PROPERTY KEY FEATURES

  • Total Rooms: 37
  • Configuration:
    • 3 x three-sleeper rooms
    • 27 x two-sleeper rooms
    • 7 x one-sleeper rooms
  • Kitchens: 4 communal kitchens
  • Bathrooms: Combination of private and communal facilities
  • Reception & Security Lobby on ground floor
  • Communal Laundry Room
  • Open Courtyard with washing lines
  • Additional Storage Areas on each floor

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

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PMA Banking Details

Payment for our buyer's card requirement can be made into the following bank account.

  • Buyers card deposit: R50,000.00
  • Pay by EFT ONLY!
  • FICA to be provided
  • Bidding subject to Automatic staggered ending times
  • 10% deposit on purchase price payable by successful bidder on fall of hammer
  • 7% + VAT buyer’s comm. on purchase price payable by successful bidder on fall of hammer

PETER MASKELL AUCTIONS CC NEDBANK                      

Account number : 1343096103
Branch : 198765
Reference : your name #SANOQWABE

Property Auction - Photo Gallery

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INVESTORS & DEVELOPERS - THIS IS FOR YOU!
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For Further Info Contact Danielle On
033 397 1190 Or reception@maskell.co.za

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