Combined Extent: ± 979 m² | Corner property | Roller shutter access | Prominent location | Tenanted offices Gross Annual Income (Including recoveries): ± R 1.93 Million | ± 19 Parking bays on basement level
This standalone commercial property in Windermere presents a lucrative investment opportunity within a vibrant commercial hub. Here are the key highlights and advantages of the property:
Strategic Location:
The property is situated within the commercial and mixed-use node of the Stamford Hill Road precinct, positioned approximately 300 m away from the busy intersection of Sandile Thusi (Argyle) Road and Mathews Meyiwa (Stamfordhill) Road. This stretch of road is home to various national and international clothing brand factory shops who have been occupying the area for decades. It is a built-up area, with numerous sectional title complexes and historic residential dwellings operating as commercial uses. The activities within this precinct are geared towards commercial, light industrial, retail, accommodation, offices and restaurants/food outlets. Stamford Hill Road is a sought-after location.
The Stamford Hill Road precinct is regarded as Durban’s sports hub and positioned west of the Umgeni and slightly north of Greyville. The property is positioned at the corner of Fir Lane and Stamfordhill Road, approximately 450m from Umgeni Road.
Improvements:
This property comprises of 2 ervens with a combined extent ± 979 m². The property is improved with 2 components the first being a 5-storey commercial / industrial building which fronts onto Mathews Meyiwa (Stamford Hill Road) the 2nd component is accessed via Fir Lane and comprises a 3 storey industrial building with vehicular access via a roller shutter door.
Convenient Access:
Stamford Hill Road enjoys access from various main roads thanks to its connectivity with several key routes in the region. The area is easily accessed from the N3 Freeway, which is a major highway running through KwaZulu-Natal, the N3 freeway connects to the M19 which provides convenient access to Stamford Hill Road.
Stamford Hill Road is also accessed via the M4 Coastal Road, which runs parallel to the coastline and is a significant route for accessing various parts of Durban.
Amenities:
The area enjoys easy access to the Central Business District of Durban. Musgrave Centre and Clifton Preparatory School are nearby. It is in close proximity to most relevant amenities. Several other shopping centres are within close proximity such as Game City (now known as City View Shopping Centre) and Windermere Shopping Centres, which is 4 blocks west and within walking distance. Schools; parks; public transport and sports grounds are also situated within close proximity to the property. The Durban Train Station is nearby.
The immediate surrounding community enjoys the close proximity to the Florida Road cosmopolitan atmosphere. The area surrounding the property is one of high demand and has good occupancy levels.