Rare Property Opportunities in Durban CBD

Posted On Friday, 20 November 2015 02:25 Published by
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In2assets Property Specialists, are delighted to have been entrusted with the sale by public auction, of two properties on Dr Yusuf Dadoo (formerly Grey) Street, whose rich history can be dated back to the 1950’s.

Yusuf_Dadoo_247

The properties, located at 242-246 Dr Yusuf Dadoo Street & 247 Dr Yusuf Dadoo Street respectively, have been in in the ownership of the Porbandar Madressa Trust since 1955 & 1960.

The trust was constituted in 1891, in the then colony of Natal, and was set up with a charitable objective and continues to function to this day. The Trust has resolved to sell these historic buildings as it has plans to utilise the proceeds from the sale for another charitable project that it has in mind.

Each building offers a prospective purchaser something unique, with the Porbandar Building situated at 242-246 Dr Yusuf Dadoo Street being a busy arcade type commercial building which would very much suit redevelopment given its location close to the busy taxi rank on Johannes Nkosi (Alice) Street.

247 Dr Yusuf Dadoo Street, also known as Madressa Manzil, is a mixed used property with 30 flats and 10 ground floor shops and offers a long term income stream to a savvy investor.

Both properties will be sold by auction on 2 December 2015 at 11:00 at the Durban Country Club as part of the In2assets combined property auction.

Last modified on Wednesday, 20 September 2017 14:28

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