Apartment Block On Auction in Point

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

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 DETAILS:

• Total Rooms: 37

• Configuration:

o 3 x three-sleeper rooms

o 27 x two-sleeper rooms

o 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

BUILDING AREAS (±):

• Ground Floor: 374m²

• First Floor: 360m²

• Second Floor: 360m²

• Third / Roof Level: 151m²

• Total GBA: ±1,245m²

CONDITION & OCCUPATION:

• Property is tenanted with informal occupancy and no written leases

• No water or electricity currently connected

• Sold voetstoots

INVESTMENT POTENTIAL:

• Ideal for student accommodation

• Strong rental demand in South Beach node

• Significant value-add opportunity post-upgrade

• Central location close to beachfront, transport routes, and amenities