A Prime Leasehold Investment Opportunity at 350 Umgeni Road, Durban

Located in the dynamic commercial landscape of Durban, 350 Umgeni Road, Old Fort, presents an exceptional leasehold investment opportunity under PRASA, secured until March 2045. This prominent property, encompassing a Gross Lettable Area (GLA) of 9,900 square meters, offers an attractive combination of retail, showroom, and office spaces. With an impressive tenant mix and an unparalleled location, this property represents a valuable asset in one of Durban’s most sought-after precincts.

Key Features and Tenant Mix
This recently renovated property is anchored by reputable tenants, including the Department of Home Affairs, Waltloo Meats Butchery, and Trademore Group, contributing to its strong rental income profile.

Alongside these key occupants, various other tenants add to the diversified rental stream, generating a substantial monthly rental income of R793,008.30, excluding recoveries. The property is currently 85% tenanted, with a guarantee rental agreement in place for the vacant spaces over a two-year period, ensuring sustained income stability for investors.

Strategic Location and Accessibility
Strategically positioned opposite the City View Shopping Centre (formerly Game City), this property benefits from high visibility and excellent accessibility. Umgeni Road serves as a major arterial route, linking the central business district with key commercial and residential zones, ensuring continuous high footfall and vehicular traffic. Public transport options, including taxis and buses, are easily available, further enhancing its accessibility for both tenants and customers.

Branding Exposure and High Visibility
The property enjoys prime frontage along Umgeni Road, offering unparalleled branding and signage opportunities for tenants. With significant daily traffic volumes, businesses operating within the premises benefit from maximum exposure, reinforcing brand presence and driving customer engagement. This factor enhances the appeal of the property for national retailers, corporate offices, and showroom spaces looking to capitalize on a prominent location.

Surrounding Area and Economic Potential
The precinct surrounding 350 Umgeni Road is a thriving commercial hub, characterized by a mix of retail, industrial, and office developments. The proximity to City View Shopping Centre adds to the convenience for tenants and visitors, while the surrounding areas continue to experience infrastructure improvements and urban rejuvenation projects. The strong demand for retail and office spaces in this locality further highlights the investment potential of this property.

Diverse Potential Uses
With its versatile configuration, the property is ideally suited for a wide range of uses, including:
• Retail outlets benefiting from the high foot traffic and visibility
• Showrooms requiring premium exposure to passing motorists and pedestrians
• Corporate offices seeking an accessible and high-profile location
• Service-oriented businesses looking to leverage the strong tenant mix and surrounding amenities

Conclusion
350 Umgeni Road, Old Fort, Durban, stands as a compelling leasehold investment opportunity, underpinned by strong tenant covenants, excellent branding exposure, and an unbeatable location. Its diversified tenant mix, significant monthly rental income, and recent renovations contribute to its appeal as a high-performing commercial property. With guaranteed rental agreements in place for vacant spaces and substantial growth potential, this asset is poised to deliver long-term value to discerning investors looking to secure a foothold in Durban’s bustling commercial property market.