R 29 500 000 | building property for sale in windermere

Prime Investment & Redevelopment Opportunity AND Landmark location! Current Net Annual Income: R1,895,000 Total GLA: 1,114 m² Site Area: 1,830 m² Total Parking Bays: 58 Additional Bulk Available: ±1,185 m² Power Supply: 3-Phase (400V / 100A) Unrivalled Location Positioned in the heart of Florida Road, Durban’s premier lifestyle and business destination, this property occupies one of the most sought-after addresses in the city. Surrounded by leading restaurants, retail outlets, banks, and creative offices, the property offers unmatched visibility, accessibility, and foot traffic — ideal for both long-term investment and future redevelopment. Blue-Chip Anchor Tenant – FNB Leased Area: 449 m² Lease Expiry: 30 June 2029 Lease Type: Long-term, stable income with escalation This secure blue-chip lease ensures consistent income through 2029, backed by one of South Africa’s largest financial institutions. Financial Snapshot Asking Price R32,000,000 (excl. VAT) Net Annual Rental R1,895,000 Vacant lettable Rental R1130 243.40 , Estimated Annual Rental R 3025 243.40 Monthly Property Rates R48,252.40 UIP (Florida Road Special Ratings Area) R12,434.80 A solid yield in one of Durban’s most desirable and proven commercial locations. Development & Expansion Potential With generous bulk and FAR allowances, this property presents significant upside potential for the visionary investor or developer. Development Parameters Details Site Area 1,830 m² Allowable Coverage (50%) 915 m² Existing Coverage 369.67 m² Coverage Remaining ±545.33 m² Allowable FAR 1.2 Additional Bulk Available ±1,185.12 m² This means substantial space for vertical or lateral expansion, mixed-use development, or a modernised commercial upgrade — all supported by ample on-site parking and existing 3-phase power infrastructure. Investment Highlights Prime position on Florida Road — Durban’s most iconic commercial strip Blue-chip tenant (FNB) ensuring stable income to 2029 Attractive net yield and long-term capital appreciation potential 58 parking bays — a major competitive advantage in this area Development-ready with additional ±1,185 m² bulk available Excellent exposure and accessibility with strong surrounding demand The Opportunity This is more than a property — it’s a trophy asset combining secure income, premium location, and development flexibility. Whether you’re seeking a long-term passive investment or a strategic redevelopment site, this property delivers on every level. Don’t miss this rare chance to secure a Florida Road landmark with strong holding income and exceptional upside potential. Contact us today for a confidential information pack, lease details, and a private viewing.