R 6 600 000 | investment property for sale in morningside

Tyson Properties proudly presents a rare opportunity to acquire two beautifully restored Victorian-style sectional title units, ideally positioned on Gordon Road, just off Durban’s iconic Florida Road precinct. Located directly behind the popular Café Capello, these character-filled properties combine timeless period architecture with versatile commercial potential in one of Durban’s most vibrant and sought-after lifestyle and business nodes. The two units are available for purchase individually or together, with the additional opportunity to acquire a third identical unit in the same row. This creates exceptional potential to consolidate the properties into a larger commercial holding or establish a diverse investment portfolio in a high-demand location. Investment Highlights • Two of three identical Victorian-style sectional title units • Prime position on Gordon Road, directly behind Café Capello on Florida Road • High-footfall location surrounded by established restaurants, cafés, retail outlets, boutique hospitality and shopping centres • Combined estimated gross rental income of approximately R50,000 per month, or R600,000 per annum • Indicative gross yield of approximately 9% per annum on the combined purchase price • No sectional title levies, offering a low-overhead investment structure • General Residential 2 (GR2) zoning • Excellent potential for retail, hospitality, professional offices and consulting-related businesses, subject to municipal requirements • Convenient access to Durban’s CBD, beachfront, Morningside, Musgrave and the North Coast • Easy connectivity via Umgeni Road, Springfield Road and the N2 UNIT 2 – Character, Charm & Commercial Potential Unit 2 presents a unique opportunity to establish a business within a beautifully restored Victorian property, where original architectural charm meets practical commercial functionality. Property Features • Two private offices • Generous reception area • Additional spacious office to the rear • Large kitchen • Modern bathroom • Adjoining one-bedroom unit to the rear, complete with its own bathroom and kitchenette • Potential to convert the adjoining unit into additional office accommodation, with internal access from the main unit • High ceilings • Beautiful original wooden floors • Charming side patio • Small ornamental pool • Attractive pebbled walkway • Private rear garden area, ideal for additional seating or entertaining For investors seeking a larger commercial footprint, there is a rare opportunity to acquire the remaining identical third unit in the row. Purchasing all three units could create an exceptional consolidated investment, larger commercial premises or multi-unit rental portfolio in one of Durban’s most recognisable lifestyle precincts. Each unit has the potential to generate rental income, subject to tenant verification and market conditions. With no sectional title levies, attractive rental potential and a highly desirable location, these properties offer an appealing combination of character, flexibility and investment potential. Zoning & Permitted Use The properties are zoned General Residential 2 (GR2), consistent with the wider Florida Road precinct. The surrounding area has an established mixed-use commercial character, with numerous neighbouring properties operating as cafés, restaurants, offices, boutique retail establishments and lifestyle businesses. Prospective purchasers are advised to confirm the applicable permitted uses, consent-use requirements and any municipal approvals for their intended business directly with the eThekwini Municipality. A Rare Durban Investment Opportunity Opportunities to acquire beautifully restored Victorian commercial properties in such a prominent and established location are exceptionally rare. Secure a piece of Durban’s iconic architectural heritage while positioning your business or investment in the heart of the vibrant Florida Road precinct. Units available individually or together, with the potential to acquire all three for a truly unique consolidated commercial holding.