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.