Income generating asset for sale in glenwood
The ground floor comprises 455m² fully let to Standard Bank until 30 September 2027, generating current rental income of R195,000 per month plus VAT, equating to R2,340,000 per annum; this level includes 14 dedicated parking bays. The first floor, comprising a further 316m² together with 9 dedicated parking bays, stands vacant and represents immediate upside for an owner-occupier or investor, whether let to a separate commercial tenant, fitted out as medical suites, or converted into premium residential apartments suited to the trendy, high-demand Glenwood node.
This is a future-proof asset in every sense; the area is firmly established as the go-to financial and business hub for the local community, underpinning long-term property appreciation, while the guaranteed holding income from a blue-chip banking tenant allows a purchaser to lease out or redevelop the top floor at their own pace. Opportunities of this calibre in the Durban market are rare.
For more information or to arrange a viewing, contact Maurice at Legacy Real Estate Group,
This is a future-proof asset in every sense; the area is firmly established as the go-to financial and business hub for the local community, underpinning long-term property appreciation, while the guaranteed holding income from a blue-chip banking tenant allows a purchaser to lease out or redevelop the top floor at their own pace. Opportunities of this calibre in the Durban market are rare.
For more information or to arrange a viewing, contact Maurice at Legacy Real Estate Group,
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