Building that’s a moneymaker
In2assets will be auctioning an investment property in the Durban CBD on August 23 at 11am. The live, as well as online, sale will be at Mount Edgecombe Country Club. Pioneer Place, at 332-340 Dr Pixley Kaseme (West) Street, is an 11-storey brightly painted building with a basement level. The property, which would be ideal as a residential conversion, is within the busiest node of the CBD, with frontage to Dr Pixley Kaseme (West) Street, a busy arterial road exposed to high vehicle and pedestrian traffic. It comprises: • A 330m² basement level, with a fashion retailer in the process of signing a lease. • A ground floor retail space occupied by Nedbank which has a triple-net lease in place. It expires in February 2024 but there is the option…