R 19 000 000 | investment property for sale in glenwood

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.