Prime Investment & Redevelopment Opportunity | Florida Road Landmark
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, Durban’s 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 Africa’s largest financial institutions.
Financial Snapshot
Asking Price R32,000,000 (excl. VAT)
Net Annual Rental R1,895,000
Vacant lettable Rental R1130 243.40 , Estimated Annual Rental R 3025 243.40
Monthly Property Rates R48,252.40
UIP (Florida Road Special Ratings Area) R12,434.80
A solid yield in one of Durban’s 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 Parameters Details
Site Area 1,830 m²
Allowable Coverage (50%) 915 m²
Existing Coverage 369.67 m²
Coverage Remaining ±545.33 m²
Allowable FAR 1.2
Additional Bulk Available ±1,185.12 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 — Durban’s 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 — it’s a trophy asset combining secure income, premium location, and development flexibility.
Whether you’re seeking a long-term passive investment or a strategic redevelopment site, this property delivers on every level.
Don’t 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.
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, Durban’s 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 Africa’s largest financial institutions.
Financial Snapshot
Asking Price R32,000,000 (excl. VAT)
Net Annual Rental R1,895,000
Vacant lettable Rental R1130 243.40 , Estimated Annual Rental R 3025 243.40
Monthly Property Rates R48,252.40
UIP (Florida Road Special Ratings Area) R12,434.80
A solid yield in one of Durban’s 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 Parameters Details
Site Area 1,830 m²
Allowable Coverage (50%) 915 m²
Existing Coverage 369.67 m²
Coverage Remaining ±545.33 m²
Allowable FAR 1.2
Additional Bulk Available ±1,185.12 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 — Durban’s 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 — it’s a trophy asset combining secure income, premium location, and development flexibility.
Whether you’re seeking a long-term passive investment or a strategic redevelopment site, this property delivers on every level.
Don’t 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.
Monthly Rates
R48,253
Features
Zoning
Interior
Exterior
Sizes
Parking Bays
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 Acutts Real Estate website is accurate and up to date, Acutts Real Estate 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.
