This tender invites proposals for the long-term leasing and development of a 2097m² commercial property in Durban for a duration of 30 years. Interested parties should demonstrate capability in general business development and property management.
The Ethekwini Metropolitan Municipality is seeking proposals for the long-term leasing and development of Erf 10306, a prime commercial property located at 75 Dr Langalibalele Dube Street, Durban. The site, measuring approximately 2097m², is designated for general business purposes and offers a unique opportunity for businesses looking to establish or expand their operations in a vibrant urban environment. The successful bidder will be required to develop the property in accordance with municipal regulations and community needs, ensuring that the project aligns with the broader economic goals of the region.
Proposals should include a comprehensive development plan that outlines the intended use of the property, timelines, and financial projections. Additionally, bidders must demonstrate their experience in property development and management, as well as their commitment to sustainable practices. This 30-year lease presents a significant opportunity for businesses to secure a long-term presence in a key commercial area, contributing to local economic growth and job creation.
This tender is suitable for property developers, real estate firms, and businesses with expertise in commercial property management and development. Companies looking to invest in long-term commercial real estate opportunities in urban settings should consider applying.
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