993 m² Commercial space in Glenwood

The ground floor comprises 455m2 fully let to Standard Bank until 30 September 2027, generating current rental income of R195,000 per month plus VAT, equating to R2,340,000 per annum this level includes 14 dedicated parking bays. The first floor, comprising a further 316m2 together with 9 dedicated parking bays, stands vacant and represents immediate upside for an owner-occupier or investor, whether let to a separate commercial tenant, fitted out as medical suites, or converted into premium residential apartments suited to the trendy, high-demand Glenwood node.

This is a future-proof asset in every sense the area is firmly established as the go-to financial and business hub for the local community, underpinning long-term property appreciation, while the guaranteed holding income from a blue-chip banking tenant allows a purchaser to lease out or redevelop the top floor at their own pace. Opportunities of this calibre in the Durban market are rare.

For more information or to arrange a viewing, contact Maurice at Legacy Real Estate Group,