NEW
Web Ref CL17281
R32,960,000
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Monthly Rates
R48,252.40
R48,252.40
Prime Florida Road Investment Opportunity | Blue-Chip Tenant & Exceptional Development Potential
Lee-Ann Albers is pleased to offer the following investment property available for sale in Florida Road. It presents a rare opportunity to acquire a premium investment property in one of Durban’s most sought-after lifestyle and commercial precincts. Ideally positioned in the heart of Morningside, this high-visibility asset offers exceptional accessibility, strong foot traffic, and long-term growth potential.
Total Parking Bays: 58
Additional Bulk Available: ±1,185 m2
Power Supply: 3-Phase (400V / 100A)
The property comprises a total GLA of 1,114.91m² on a generous 1,830m² site, complemented by 58 on-site parking bays and robust 3-phase power infrastructure. Anchored by First National Bank (FNB), the property benefits from a secure long-term lease extending through June 2029, delivering stable income backed by one of South Africa’s leading financial institutions. Leased area of 449m2.
Priced at R3,960,00 excluding VAT, the asset currently generates a net annual rental income of R1.895,000, with additional vacant lettable space offering significant upside and the potential to increase annual rental income to R,025,243.40
Monthly Property Rates R48,252.40
UIP (Florida Road Special Ratings Area) R12,434.80
Development & Expansion Potential
With generous bulk and FAR allowances, this property presents significant upside potential for the visionary investor or developer.
Beyond its immediate income-producing appeal, the property offers outstanding development and expansion potential. With substantial additional bulk available, investors and developers have the opportunity to unlock further value through vertical or lateral expansion, mixed-use redevelopment, or a modern commercial upgrade — all within Durban’s premier urban destination.
Site Area 1,830 m2
Allowable Coverage (50%) 915 m2
Existing Coverage 369.67 m2
Coverage Remaining ±545.33 m2
Allowable FAR 1.2
Additional Bulk Available ±1,185.12 m2
This means substantial space for vertical or lateral expansion, mixed-use development, or a modernised commercial upgrade — all supported by ample on-site parking and existing 3-phase power infrastructure.
Total Parking Bays: 58
Additional Bulk Available: ±1,185 m2
Power Supply: 3-Phase (400V / 100A)
The property comprises a total GLA of 1,114.91m² on a generous 1,830m² site, complemented by 58 on-site parking bays and robust 3-phase power infrastructure. Anchored by First National Bank (FNB), the property benefits from a secure long-term lease extending through June 2029, delivering stable income backed by one of South Africa’s leading financial institutions. Leased area of 449m2.
Priced at R3,960,00 excluding VAT, the asset currently generates a net annual rental income of R1.895,000, with additional vacant lettable space offering significant upside and the potential to increase annual rental income to R,025,243.40
Monthly Property Rates R48,252.40
UIP (Florida Road Special Ratings Area) R12,434.80
Development & Expansion Potential
With generous bulk and FAR allowances, this property presents significant upside potential for the visionary investor or developer.
Beyond its immediate income-producing appeal, the property offers outstanding development and expansion potential. With substantial additional bulk available, investors and developers have the opportunity to unlock further value through vertical or lateral expansion, mixed-use redevelopment, or a modern commercial upgrade — all within Durban’s premier urban destination.
Site Area 1,830 m2
Allowable Coverage (50%) 915 m2
Existing Coverage 369.67 m2
Coverage Remaining ±545.33 m2
Allowable FAR 1.2
Additional Bulk Available ±1,185.12 m2
This means substantial space for vertical or lateral expansion, mixed-use development, or a modernised commercial upgrade — all supported by ample on-site parking and existing 3-phase power infrastructure.
Features
Zoning
Commercial
Title
Freehold
Interior
Air Conditioning
Yes
Power (3 Phase)
Yes
Power (Amps)
100
Exterior
Security
No
Parking Bays
Open Parkings
58
Sizes
Floor Size
1,115m²
Land Size
1,830m²
