Extent: ± 498 m² | GLA: ± 520 m² | Gross Monthly Income: ± R150K (excluding recoveries) | Prominent property in a well known area | Double storey mixed-use retail building | Strategic location along a booming precinct
Durban North, KwaZulu-Natal
Situated within the well-known and established suburb of Glen Ashley, 37 Newport Avenue presents a prime mixed-use investment opportunity in a strategically positioned and steadily growing commercial precinct. The property occupies a prominent position with excellent visibility and strong exposure along a busy node, making it highly attractive to both retail and office tenants.
The property measures approximately 498 m² in extent, with a gross lettable area of approximately 520 m². It is improved with a double-storey building configured to accommodate both retail and office components, offering versatility and diversified income potential.
Income Profile The property generates a gross monthly income of approximately R145 000, excluding recoveries. This provides investors with a solid income-producing asset in a well-recognised and high-demand location.
Ground Floor – Retail / Restaurant Component The ground floor comprises retail and/or restaurant space ideally suited to businesses requiring high exposure and strong foot traffic. The layout lends itself to hospitality, food, or destination retail operators looking to capitalise on the visibility and accessibility of the precinct.
First Floor – Office Component The upper level accommodates office space supported by both guest and staff ablution facilities. The configuration is well suited to professional services, administrative functions, or businesses seeking a secure and established commercial address.
Additional Features A small yard area located at the rear of the building provides practical utility space for service access, storage, or operational requirements.
Location & Exposure Positioned within a booming and well-known precinct of Glen Ashley, the property benefits from consistent passing traffic, strong brand visibility, and proximity to surrounding residential and commercial activity. The location continues to attract both established and emerging businesses, reinforcing long-term demand and investment stability.
37 Newport Avenue offers a rare opportunity to secure a prominent, income-generating mixed-use asset in one of Glen Ashley’s recognised commercial nodes.
Auction Terms and Conditions:
R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required DISCLAIMER: Website listings are for information purposes only and remain subject to change, amendment, correction or withdrawal at any time prior to the auction. As further information becomes available, revised listings will be published from time to time. It may not be possible to identify, track or specifically draw attention to every amendment or revision. The final brochure and Conditions of Sale, as issued to each registered bidder via email and/or WhatsApp prior to or on the day of the auction, shall constitute the final, governing and binding documentation applicable to the auction and the sale of the property. It is each Purchaser’s sole onus and responsibility to ensure that he has received, read, understood and agreed to the final brochure and Conditions of Sale and to bid and purchase strictly in accordance therewith. Registration for the auction shall constitute deemed acceptance of the final documentation as issued.
