The combined 1,803m\u00b2 across the 22nd and 23rd floors previously housed the legendary Pencil Club (now under business rescue) – a pinnacle of luxury and sophistication.<\/p>\n\n\n\n
This spectacular space is offered unfurnished (with furnishings available separately) and presents an unparalleled canvas for visionary investors.<\/p>\n\n\n\n
“The property’s previous incarnation featured amenities that define ultra-luxury,” said Rainer Stenzhorn, National Sales & Marketing Manager at In2Assets.<\/p>\n\n\n\n
“From the rooftop swimming pool with panoramic ocean views to the fully equipped commercial kitchen and banquet facilities, every element was meticulously crafted by award-winning designers.”<\/p>\n\n\n\n
The breathtaking 360-degree vistas encompass Umhlanga’s pristine coastline, the Indian Ocean horizon, and the vibrant business district below – views simply unmatched anywhere in KwaZulu-Natal.<\/p>\n\n\n\n Rather than proceeding with a traditional auction, In2Assets has chosen to present this landmark property through their exclusive Property Dealroom platform.<\/p>\n\n\n\n The Property Dealroom is a bespoke digital environment designed specifically for high-profile, premium real estate acquisitions.<\/p>\n\n\n\n “The nature of this property and its potential demand from executive buyers necessitates a more discreet approach,” said Alex Winterburn, In2Assets’ Chief Commercial Officer.<\/p>\n\n\n\n “Our Property Dealroom ensures that only serious, qualified investors gain access to the detailed documentation and tender process.”<\/p>\n\n\n\n Prospective buyers must first sign a Non-Disclosure Agreement to access the virtual “vault” containing comprehensive due diligence materials, detailed floor plans, and tender documentation.<\/p>\n\n\n\n This controlled environment safeguards sensitive information while providing serious investors with everything needed to make informed decisions.<\/p>\n\n\n\n The property’s strategic location in Umhlanga Ridge – Durban’s premier business and lifestyle hub – combined with its existing architectural infrastructure, positions it perfectly for various high-end applications.<\/p>\n\n\n\n Viable pathways include corporate headquarters with executive club facilities, luxury hospitality venues, premium residential conversions, or mixed-use concepts.<\/p>\n\n\n\n Additionally, the immediate vicinity offers everything elite occupants demand, including five-star hotels, premium dining establishments, upscale retail, and seamless access to King Shaka International Airport.<\/p>\n\n\n\n Tenders must be submitted by 11:00 AM on May 14th<\/sup>, ensuring a defined window for interested parties to secure this landmark property.<\/p>\n\n\n\n With Umhlanga’s luxury real estate market continuing its upward trajectory, this represents not just an acquisition but a statement positioning within one of South Africa’s most sought-after locations.<\/p>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/04\/3-2-1024x576.png\")
<\/a><\/figure>\n\n\n\nConfidential tender process for discerning investors<\/h2>\n\n\n\n
Prime positioning for multiple premium applications<\/h2>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/04\/2-2-1024x576.png\")
<\/a><\/figure>\n\n\n\nTime-sensitive opportunity<\/h2>\n\n\n\n