An exceptional mixed-use investment opportunity positioned along the sought-after KwaZulu-Natal South Coast, this iconic retail and residential property at 117 – 123 Kingsway Road, Warner Beach offers investors the rare combination of secure long-term income, strong tenant demand and prime coastal positioning. Anchored by a nationally recognised SPAR retailer with a remaining 7-year lease in place, the property seamlessly blends convenience retail, lifestyle amenities and residential accommodation within one vibrant commercial hub. Generating a gross annual income of approximately R3 250 000, the property presents a compelling opportunity for investors seeking stable cash flow with future growth potential.

Locality
Situated within the well-established suburb of Warner Beach, forming part of the greater Kingsburgh Township on the KZN South Coast, the property enjoys excellent accessibility approximately 30 kilometres south of central Durban. Access to the area is convenient via the N2 Freeway through both the Seadoon Road and Umbumbulu interchanges. Warner Beach offers the ideal balance between coastal living and urban convenience, with the area benefiting from strong residential demand, tourism activity and a growing commercial presence. The surrounding area is supported by numerous amenities including Galleria Mall, Kingsburgh Mall and DSM Mall, together with an abundance of restaurants, coffee shops, petrol stations, national retailers, holiday resorts and schools, all contributing toward the area’s continued popularity and economic activity.

Improvements
This prominent commercial property has been developed into a thriving mixed-use centre comprising retail outlets, food establishments, lifestyle facilities and residential apartments. The retail component is anchored by a SPAR supermarket featuring various divisions including bakery facilities, storerooms, food outlets and staff facilities. The adjoining TOPS liquor store occupies two shops and includes extensive cold room facilities together with ancillary ablutions and service areas.

The upper level of the building accommodates two large open-plan commercial spaces currently utilised as a gym and a restaurant with a bar area, both serviced via a shared common passage. In addition, the centre accommodates three further retail food outlets contributing toward the vibrant atmosphere of the property.

The residential component comprises five spacious apartments, each offering three bedrooms, open-plan kitchen and dining areas together with two bathrooms. One apartment additionally benefits from a single garage, while dedicated parking is available for residential tenants.

The property is secured with clear-view fencing to the front boundary and wall fencing to the sides. Parking and circulation areas are fully tarred, with approximately 29 parking bays available for customers in addition to separate tenant parking allocations. It should be noted that various movable assets utilised by the tenants, including generators, shelving, stock, cold rooms, bakery equipment, gym equipment, furniture and air-conditioning units remain the property of the respective tenants and are specifically excluded from the sale.

Income Potential
The property is almost fully tenanted and currently generates a gross annual income of approximately R3 250 000. The presence of a nationally recognised SPAR retailer secured on a long-term lease provides excellent income stability and reinforces the investment strength of the asset. The combination of national retail tenants, food outlets, lifestyle operators and residential accommodation creates a diversified income stream while reducing vacancy risk. With Warner Beach continuing to experience growth in both residential and commercial sectors, the property is well positioned for sustained rental demand and long-term capital appreciation.

Surrounding Environment
Warner Beach has evolved into one of the South Coast’s most desirable mixed residential and commercial nodes, offering middle to upper-income housing, strong tourism appeal and easy access to pristine beaches and outdoor lifestyle amenities. The area is supported by modern infrastructure, established communication networks and a thriving local economy. The integration of retail convenience, residential accommodation and lifestyle offerings within this coastal setting creates a highly desirable environment for both tenants and consumers alike. The property’s proximity to beaches, holiday resorts and major transport routes further enhances its appeal as a strategic long-term investment opportunity.