Extent: ± 884 m² | GBA: ± 280 m² | Tenanted | Gross Annual Income: ± R870K (excl. recoveries) | Ample parking | Excellent road frontage | Situated next to 304 Florida Road for expansion opportunity
Situated prominently within Durban's dynamic and highly desirable commercial district, 308 Florida Road offers an exceptional opportunity for businesses seeking prime exposure. Renowned for its vibrant mix of restaurants, cafes, art galleries, pubs, boutique retail outlets, and bustling nightlife, Florida Road remains one of Durban's top commercial and lifestyle destinations. The property benefits from outstanding visibility and easy accessibility, conveniently connected to major arterial routes such as Sandile Thusi (Argyle) Road, Peter Mokaba (Ridge) Road, and the M4 freeway.
Property Features & Layout
308 Florida Road provides a functional and flexible layout, starting with an inviting reception area mixed with the showroom and another showroom through a separate door on the semi- enclosed balocony. The layout seamlessly flows into multiple rooms suitable for various commercial uses, including offices, consultancy spaces, or treatment rooms. Additionally, the property offers essential amenities such as a kitchenette, guest bathrooms, and interconnected rooms that accommodate efficient workflow and communication. A semi-enclosed balcony enhances the appeal, serving both as an informal breakout area and a transitional space connecting to additional rooms and storage at the rear of the building. The property's total gross building area measures approximately ± 260m².
Security & Parking
Prioritizing safety and convenience, 308 Florida Road is fully secured with a perimeter electric fence, ensuring peace of mind. A notable feature of the property is its ten secure parking bays—an invaluable advantage in this high-demand location. The property is accessible via a motorized gate as well as a dedicated pedestrian entrance.
Expansion Potential
Strategically positioned adjacent to 304 Florida Road, this property offers a distinctive advantage for investors or businesses considering larger-scale developments or expansions. Acquiring both properties together provides significant value, opening opportunities for comprehensive redevelopment or substantial business expansion.
Locality & Amenities
This property is surrounded by numerous amenities along Florida Road and within neighboring areas like Windermere, Stamford Hill, and Umgeni Roads. Popular shopping destinations such as Windermere Shopping Centre, Musgrave Shopping Centre, and Overport City are all within easy reach.
Significant investment and rejuvenation efforts since 2013, spearheaded by the Florida Road Urban Improvement Precinct (UIP), have transformed the precinct into one of Durban’s trendiest, safest, and most sought-after mixed-use destinations. This vibrant commercial zone attracts an eclectic mix of visitors seeking exceptional dining, unique shopping experiences, and thriving nightlife.
Additionally, the area benefits from proximity to educational institutions within easy walking distance, including Gordon Road Girls' School, Durban Preparatory High School, Clifton College, and Curro Heritage House.