Property description

This well-positioned 959m² retail and office building presents a rare investment opportunity in the heart of Glenwood, one of Durban’s most established and high-demand commercial nodes.

The property is anchored by a blue-chip tenant, Standard Bank, which has successfully operated from the premises for the past nine years. The bank occupies 455m² of the ground floor, along with 14 dedicated parking bays, and is secured by a lease in place until 30 September 2027. Generating a strong rental income of R195,000 per month (R2,340,000 per annum, excl. VAT), this provides investors with immediate, stable returns and long-term security.

The building also offers additional upside through a vacant 316m² first-floor component- Asking Rental R 90 000.00, which includes 9 allocated parking bays. This space presents an excellent opportunity for further income generation or owner occupation, adding flexibility and value to the asset.

Ideally located directly opposite the bustling Davenport Square Shopping Centre, the property benefits from exceptional exposure, high foot traffic, and consistent vehicle flow. The surrounding area is well-established as a financial and commercial hub, with major banks such as FNB and Nedbank operating nearby for over two decades. Standard Bank’s continued presence—especially following the consolidation of nearby branches—further reinforces the node’s long-term viability and importance.

This is a strategic investment in a proven location, offering a combination of secure income, future growth potential, and strong tenant demand within a thriving business district.