1 114 m² Commercial space in Windermere

Prime Investment & Redevelopment Opportunity AND Landmark location!

Current Net Annual Income: R1,895,000

Total GLA: 1,114 m2

Site Area: 1,830 m2

Total Parking Bays: 58

Additional Bulk Available: 1,185 m2

Power Supply: 3-Phase 400V 100A

Unrivalled Location

Positioned in the heart of Florida Road, Durbans premier lifestyle and business destination, this property occupies one of the most sought-after addresses in the city.

Surrounded by leading restaurants, retail outlets, banks, and creative offices, the property offers unmatched visibility, accessibility, and foot traffic ideal for both long-term investment and future redevelopment.

Blue-Chip Anchor Tenant FNB

Leased Area: 449 m2

Lease Expiry: 30 June 2029

Lease Type: Long-term, stable income with escalation

This secure blue-chip lease ensures consistent income through 2029, backed by one of South Africas largest financial institutions.

Financial Snapshot

Asking PriceR32,000,000 excl. VAT

Net Annual RentalR1,895,000

Vacant lettable Rental R1130 243.40 , Estimated Annual Rental R 3025 243.40

Monthly Property RatesR48,252.40

UIP Florida Road Special Ratings AreaR12,434.80

A solid yield in one of Durbans most desirable and proven commercial locations.

Development & Expansion Potential

With generous bulk and FAR allowances, this property presents significant upside potential for the visionary investor or developer.

Development ParametersDetails

Site Area1,830 m2

Allowable Coverage 50915 m2

Existing Coverage369.67 m2

Coverage Remaining545.33 m2

Allowable FAR1.2

Additional Bulk Available1,185.12 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.

Investment Highlights

Prime position on Florida Road Durbans most iconic commercial strip

Blue-chip tenant FNB ensuring stable income to 2029

Attractive net yield and long-term capital appreciation potential

58 parking bays a major competitive advantage in this area

Development-ready with additional 1,185 m2 bulk available

Excellent exposure and accessibility with strong surrounding demand

The Opportunity

This is more than a property its a trophy asset combining secure income, premium location, and development flexibility.

Whether youre seeking a long-term passive investment or a strategic redevelopment site, this property delivers on every level.

Dont miss this rare chance to secure a Florida Road landmark with strong holding income and exceptional upside potential.

Contact us today for a confidential information pack, lease details, and a private viewing.