Locality
Strategically located on Monty Naicker Road, adjacent to GEM Uniform a provincial major school uniform supplier, the property enjoys excellent exposure within one of Durban’s busiest trading corridors. The area benefits from substantial pedestrian and vehicular traffic throughout the day and is positioned approximately 30 metres from a busy taxi rank, ensuring a constant flow of commuters and potential customers. Its central location provides easy access to Durban’s CBD, surrounding commercial hubs, public transport networks, and a wide range of amenities.

Improvements
The property comprises a well-positioned two-storey mixed-use building designed to provide diversified income streams from both commercial and residential tenancies. The ground floor accommodates three retail shops, all of which are currently let to established tenants, together with two rear warehouse units occupied by religious institutions, generating additional rental income. One of the warehouse units benefits from vehicular access via an industrial roller shutter door, enhancing its functionality and tenant appeal.

The first floor comprises six residential units, providing sought-after accommodation within close proximity to key employment nodes, public transport routes, and a wide range of urban amenities. While three of the residential units are presently vacant, they offer an excellent opportunity for a purchaser to unlock further value through refurbishment, leasing, and increased occupancy, thereby enhancing the property's overall income-producing capacity.

Income Potential
The property offers an attractive income-generating opportunity with multiple revenue streams already in place. The three ground-floor retail shops together with the warehouse components currently generate a gross monthly rental income of approximately R64,755, while the three occupied residential units contribute a further R20,700 per month. This results in a current gross monthly income of approximately R85,455.

Significant upside potential exists through the leasing of the vacant residential units, providing an opportunity to substantially increase the property's rental income and overall investment yield. Upon full occupancy, the property is well-positioned to deliver enhanced cash flow and stronger long-term returns, making it an attractive proposition for both investors and owner-operators seeking a value-add opportunity.

Surrounding Environment
The property is situated within a well-established mixed-use commercial precinct characterised by retail outlets, service businesses, residential accommodation, public transport facilities, and high levels of daily foot traffic.

The nearby taxi rank serves as a major commuter node, contributing to the area's vibrant trading environment and supporting strong demand for both retail and residential accommodation. The location's accessibility and commercial activity make it a sought-after destination for tenants and businesses alike