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 Area)R12,434.80

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 (50%)915 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.