AUCT-002468 | On Auction

Iconic Commercial Properties on Florida Road

174-178 Florida Road, Morningside, eThekwini Metropolitan Municipality, KwaZulu-Natal

Iconic Commercial Properties on Florida Road. 174-178 Florida Road, Morningside, Durban

Combined Extent: ± 2 090 m² | Combined GBA: ± 2 760 m² | Tenanted | 84 Parking bays | Massive upside potential | Easily configurable | Excellent road frontage | Corner site


Situated in the heart of Durban’s most vibrant commercial and lifestyle hub, 174-178 Florida Road presents a rare opportunity to acquire a highly versatile mixed-use property in one of the city’s most sought-after locations. Florida Road is renowned for its bustling restaurants, bars, office spaces, and retail outlets, making it a prime destination for both business and leisure. The property benefits from excellent visibility and accessibility, with major transport routes such as Sandile Thusi (Argyle) Road, Peter Mokaba (Ridge) Road, and the M4 freeway providing seamless connectivity to greater Durban.

Property Overview – 178 Florida Road
178 Florida Road is a double-storey commercial building designed for hospitality and entertainment purposes, featuring high-end restaurant infrastructure and event space.
• The ground floor boasts a fully open-plan layout, semi enclosed balcony with a bar area and an industrial-grade kitchen equipped with an industrial extractor fan. Additionally, underground walk-in freezers and fridges provide essential storage for perishable goods. A dedicated storeroom ensures organized stock management.
• The ground floor also includes both male and female guest toilets, catering to high visitor capacity.
• The first floor is accessible via a main staircase and two exterior fire escape staircases.
• The first floor features another semi-enclosed balcony, a storeroom, server room, bar area, staff change rooms, and additional male and female guest toilets, making it ideal for event hosting, office conversion, or a high-end hospitality venue.

Property Overview – 174 Florida Road
174 Florida Road is a five-storey commercial office building offering flexible office space with two basement levels dedicated to parking and three floors of office space.
• The two basement floors provide secure parking for 84 vehicles, a highly valuable asset in this prime area.
• Each office floor spans approximately 680m², offering extensive space for businesses, co-working hubs, or a corporate headquarters.
• The ground floor features a reception area, boardrooms, and multiple dry-walled offices and a kitchenette. The central section houses storage rooms, and toilets, and offices making it a well-equipped office environment.
• The first floor mirrors the ground floor’s layout, with a combination of dry-walled offices, storage rooms, and toilets as well as a reception area.
• The second floor is completely open-plan, providing customization opportunities for an investor to partition the space as needed, making it highly adaptable for various business uses.
• The property includes two staircases and one lift, ensuring convenient access throughout the building.
• The building is fully equipped with ducted air conditioning, providing a comfortable working environment.

Security & Parking
Security is a key feature of this property, with comprehensive access control and a large underground parking facility with 84 secure bays. The fire escape staircases add to the safety compliance of the building.

Investment Potential
This property offers a unique investment opportunity due to its highly adaptable layout and prime location. With the hospitality-ready infrastructure at 178 Florida Road and the corporate-friendly office space at 174 Florida Road, an investor has the flexibility to leverage multiple revenue streams, including:
• A restaurant, event venue, or high-end bar
• A corporate office hub with leasing opportunities for multiple tenants
• A co-working space or flexible business environment
• A retail and entertainment mix to align with Florida Road’s dynamic business culture
The dry-wall partitioning in 174 Florida Road further enhances the flexibility, allowing an investor to reconfigure the space as needed to maximize its rental potential.

Locality & Amenities
Florida Road is home to some of Durban’s most popular attractions, with a mix of high-end restaurants, boutique shops, creative studios, and corporate offices. The property is within walking distance of shopping centres such as Windermere Shopping Centre, Musgrave Shopping Centre, and Overport City, providing convenience for businesses and visitors alike.
Since 2013, Florida Road has undergone major revitalization through the Florida Road Urban Improvement Precinct (UIP), enhancing security, infrastructure, and business potential. The area attracts a high volume of foot traffic, making it an ideal location for commercial success.

Nearby top-tier schools include Gordon Road Girls' School, Durban Preparatory High School, Clifton College, and Curro Heritage House, further enhancing the area’s appeal for professionals and business owners.

Commercial Type:
Commercial Building
Web Reference:
AUCT-002468
List price:
POA
Address:
174-178 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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