Buildings For Sale Durban - Tenders Invited For The Purchase Of A Major Innercity Property Portfolio

SALE BY TENDER

CARLEAN: Ptn 1 of Erf 10838 Durban: 93 Maud Mfusi Street, Durban (326m²): 9 storey apartment block with 32 flats & 2 commercial units.

STRATHDON: Erf 10874 Durban: 92 Maud Mfusi Street, Durban (696m²): 9 storey apartment block, with 66 residential flats.

TABORA: Rem. of Erf 10835 Durban: 15-17 Park Street, Durban (325m²): 8 storey block, with 43 flats & 3 commercial units

ESSELEN COURT: Rem. of Erf 10836 Durban: 26 Park Street, (624m²): 4 storey apartment block with 18 flats & 3 commercial units

HAWAII WEST: Rem. of Ptn 7 (of 2) Erf 10237 Durban (126m²) ; Ptn 14 (of 6) of Erf 10236 Durban (213m²); Portion 15 (of 6) of Erf 10236 Durban (228m²): 15 Rutherford Street, Dbn; 10 multi-storeyed apartment block with 36 flats.  Combined block of flats. * Collectively subject to a Notarial Deed in Restraint of Free Alienation whereby the properties shall not be subdivided and shall not be alienated, transferred, leased, mortgaged or otherwise dealt with the one separate from the other.

HAWAII EAST / CENTRAL: Rem. of Erf 10255 Durban (390m²) - 1 Gillespie Street, Dbn; and: Erf 10256 Durban (568m²) – 29 Rutherford Street.: 8 multi-storeyed apartment block with 92 residential units & 3 commercial outlets on the ground floor. *Collectively subject to a Notarial Deed in Restraint of Free Alienation whereby the properties shall not be subdivided and shall not be alienated, transferred, leased, mortgaged or otherwise dealt with the one separate from the other.

WELTEVREDE: Rem. of Erf 10834 Durban: 60 McArthur Street, Durban (325m²): 8 Storey apartment block with 31 bachelor flats.

DEVELOPMENT LAND: Erf 10258 Durban: 19 Rutherford Street, Durban (601m²): Vacant stand with no improvements.

Viewing is by prior arrangement with Peter Maskell Auctions Office. Properties will be sold with the lawful leases remaining in place.

TENDER OPTIONS

Option 1: Hawaii West
Option 2: Hawaii East and Central together
Option 3: Carlean, Strathdon, Esselen Court, Weltevrede, and the development site separately
Option 4: All properties together
Option 5: Offer as per the buyer’s request