1 114 m² Commercial space in Windermere

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Prime Investment & Redevelopment Opportunity | Florida Road Landmark Prime Investment & Redevelopment Opportunity AND Landmark location!Current Net Annual Income: R1,895,000Total GLA: 1,114 m2Site Area: 1,830 m2Total Parking Bays: 58Additional Bulk Available: 1,185 m2Power Supply: 3-Phase 400V 100AUnrivalled LocationPositioned in the heart of Florida Road, Durbans 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 FNBLeased Area: 449 m2Lease Expiry: 30 June 2029Lease Type: Long-term, stable income with escalationThis secure blue-chip lease ensures consistent income through 2029, backed by one of South Africas largest financial institutions.Financial SnapshotAsking PriceR32,000,000 excl. VATNet Annual RentalR1,895,000Vacant lettable Rental R1130 243.40 , Estimated Annual Rental R 3025 243.40Monthly Property RatesR48,252.40UIP Florida Road Special Ratings AreaR12,434.80A solid yield in one of Durbans most desirable and proven commercial locations.Development & Expansion PotentialWith generous bulk and FAR allowances, this property presents significant upside potential for the visionary investor or developer.Development ParametersDetailsSite Area1,830 m2Allowable Coverage 50915 m2Existing Coverage369.67 m2Coverage Remaining545.33 m2Allowable FAR1.2Additional Bulk Available1,185.12 m2This 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 HighlightsPrime position on Florida Road Durbans most iconic commercial stripBlue-chip tenant FNB ensuring stable income to 2029Attractive net yield and long-term capital appreciation potential58 parking bays a major competitive advantage in this areaDevelopment-ready with additional 1,185 m2 bulk availableExcellent exposure and accessibility with strong surrounding demandThe OpportunityThis is more than a property its a trophy asset combining secure income, premium location, and development flexibility.Whether youre seeking a long-term passive investment or a strategic redevelopment site, this property delivers on every level.Dont 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.

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