959 m² Commercial space in Glenwood

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500 m² 959 m²

Prime Property Investment Opportunity

959sqm Retail Office block is for sale in the Glenwood node of Durban.

The building has served as the Standard Bank Glenwood branch for 9 years with a lease in place until 30 September 2027 from Standard Bank - Monthly R195 000 p.m Vat R2,340 000 p.a

The lease covers 455m2 and 14 parking bays on the ground floor - There is a remaining and vacant portion available to let of 316m2 on the 1st floor, which includes 9 parking bays.

The building is opposite popular and very busy Davenport Square mall, which serves the Glenwood area and provides plenty of footfall and traffic.

Alongside are other banks adding to the appeal FNB & Nedbank some of which have been in the area for more than 20 years. Standard bank have made it clear that they are here to stay since closing their other branches in the area.

The expectation is that this area will continue to serve as a financialbanking hub for businesses for some time.

Don''t hesitate to call me and arrange a time to view or share more details.