959m² Multi-Level Commercial Asset | Secure Holding Income + Prime Redevelopment
959m² Prime Retail & Office Block for Sale – Glenwood’s Financial Hub
Positioned directly opposite the bustling, high-footfall Davenport Square Mall, this landmark 959m² commercial property offers an unmatched blend of immediate, high-yield passive income and incredible redevelopment/leasing upside.
For nearly a decade, this building has served as the anchor Standard Bank Glenwood branch. Following strategic consolidation (closing other local branches), Standard Bank has solidified this specific location as their long-term home in the node, anchoring the area alongside Nedbank and FNB (both established for over 20 years).
THE FINANCIALS & SPACE BREAKDOWN:
Ground Floor (455m²): Fully let to Standard Bank until 30 September 2027.
Current Rental Income: R195,000 p.m. + VAT (R2,340,000 per annum).
Parking: 14 dedicated bays.
First Floor (316m²): VACANT – Represents immediate upside.
Parking: 9 dedicated bays.
Potential: Perfect for a separate commercial tenant, medical suites, or a premium residential apartment conversion in the trendy, high-demand Glenwood node.
WHY INVEST HERE?
Unrivaled Location: Situated in the heart of the Glenwood commercial node, enjoying massive foot traffic and exceptional visibility directly opposite Davenport Square.
Guaranteed Holding Income: Receive over R2.3 million a year from a blue-chip banking tenant while you lease out or redevelop the top floor.
Future-Proof Asset: The area is firmly established as the go-to financial and business hub for the local community, ensuring long-term property appreciation.
Opportunities of this caliber in the Durban market are rare.
Don't hesitate to call today to arrange an exclusive viewing.
Positioned directly opposite the bustling, high-footfall Davenport Square Mall, this landmark 959m² commercial property offers an unmatched blend of immediate, high-yield passive income and incredible redevelopment/leasing upside.
For nearly a decade, this building has served as the anchor Standard Bank Glenwood branch. Following strategic consolidation (closing other local branches), Standard Bank has solidified this specific location as their long-term home in the node, anchoring the area alongside Nedbank and FNB (both established for over 20 years).
THE FINANCIALS & SPACE BREAKDOWN:
Ground Floor (455m²): Fully let to Standard Bank until 30 September 2027.
Current Rental Income: R195,000 p.m. + VAT (R2,340,000 per annum).
Parking: 14 dedicated bays.
First Floor (316m²): VACANT – Represents immediate upside.
Parking: 9 dedicated bays.
Potential: Perfect for a separate commercial tenant, medical suites, or a premium residential apartment conversion in the trendy, high-demand Glenwood node.
WHY INVEST HERE?
Unrivaled Location: Situated in the heart of the Glenwood commercial node, enjoying massive foot traffic and exceptional visibility directly opposite Davenport Square.
Guaranteed Holding Income: Receive over R2.3 million a year from a blue-chip banking tenant while you lease out or redevelop the top floor.
Future-Proof Asset: The area is firmly established as the go-to financial and business hub for the local community, ensuring long-term property appreciation.
Opportunities of this caliber in the Durban market are rare.
Don't hesitate to call today to arrange an exclusive viewing.
Monthly Levy
R24,461
Monthly Rates
R24,461
Total
R48,922
Features
Zoning
Interior
Exterior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
