500 m² Commercial space in Glenwood

Details

Commercial Property for Sale in Glenwood Glenwood Commercial Property for Sale opposite Davenport SquareWhite box finish, 9 undercover parking, Ladies and Gents Toilets. Shared entrance foyer with Standard Bank, 2 lifts and staircases. The building is suitable for accountants, attorneys, corporate , financial institutions etcLocated in the heart of Glenwood, this 959m2 retail and office property presents a compelling investment opportunity within one of Durbans most established commercial hubs. A key highlight is its long-standing tenant, Standard Bank, which has successfully operated from the premises for the past nine years, occupying 455m2 on the ground floor and benefits from 14 secure, dedicated parking bays. This tenancy generates a solid monthly rental income of R195,000, equating to R2,340,000 per year excluding VAT, ensuring immediate and reliable returns for investors. The first floor features a vacant 316m2 space with nine allocated parking bays, presenting an excellent opportunity for additional rental income or owner occupation. With an asking rental of R90,000 per month, this space enhances the buildings income potential and flexibility. This visible building is positioned the ever-busy Davenport Square Shopping Centre, strong foot traffic, and constant vehicle flow. The surrounding area has long been recognized as a thriving financial and commercial precinct, home to major institutions like FNB and Nedbank for over 20 years.

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