AUCT-002465 | On Auction

Prime Commercial Gem in the Heart of Florida Road

304 Florida Road, Morningside, eThekwini Metropolitan Municipality, KwaZulu-Natal

Prime Commercial Gem in the Heart of Florida Road. 304 Florida Road, Morningside

Extent: ± 884 m² | GBA: ± 280 m² | Tenanted | Gross Annual Income: ± R840K (excluding recoveries) | Ample parking | Excellent road frontage | Situated next to 308 Florida Road for expansion opportunity


Situated in the heart of Durban’s most vibrant and sought-after commercial hub, 304 Florida Road offers an exceptional opportunity in a prime location. Florida Road is a high-energy destination known for its mix of restaurants, pubs, nightclubs, art galleries, and boutique retail stores. The property enjoys excellent visibility and accessibility, with major roads such as Sandile Thusi (Argyle) Road, Peter Mokaba (Ridge) Road, and the M4 freeway providing seamless connectivity.

Property Features & Layout
The property features a welcoming reception area with a client seating space, leading into a the treatment rooms. It also includes a kitchenette, guest bathrooms, and a series of interlinking offices towards the back. A spacious semi enclosed balcony adds to the appeal, and acts as hallway leading to storage rooms, kitchenette, and private offices at the rear of the building. The total gross building area is ± 260m².

Security & Parking
The property is fully secured with a comprehensive electric fence, ensuring safety and peace of mind. Additionally, it offers nine secure parking bays, a valuable asset in this high-demand area. The property is accessible by a motorised gate and a pedestrian gate.

Expansion Potential
304 Florida Road is located adjacent to 308 Florida Road, presenting a unique opportunity to acquire both properties for a larger development or expansion project. This potential adds immense value for investors or businesses looking for growth opportunities.

Locality & Amenities
The property is surrounded by a wealth of amenities in Florida Road and nearby areas such as Windermere, Stamford Hill, and Umgeni Roads. Shopping centres in close proximity include Windermere Shopping Centre, Musgrave Shopping Centre, and Overport City.

Florida Road has undergone significant development and rejuvenation since 2013, thanks to the efforts of local property owners, businesses, and community groups that formed the Florida Road Urban Improvement Precinct (UIP). This initiative has enhanced security and transformed the area into a dynamic, mixed-use destination with a carefully curated selection of commercial tenants. Today, Florida Road is one of Durban’s trendiest and most popular streets, attracting visitors who come to eat, drink, shop, and network in a vibrant setting.

The area also boasts excellent schools within walking distance, including Gordon Road Girls' School, Durban Preparatory High School, Clifton College, and Curro Heritage House.

Commercial Type:
Commercial Building
Web Reference:
AUCT-002465
List price:
POA
Address:
304 Florida Road, Morningside, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
24 April 2025 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required

Bidding opens in


Auction Date: 24 April 2025 11:00:00am


Marco Forno
                                                         In2assets Representative

Property Agent


Marco Forno
Show number
mforno@in2assets.com


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