PORTFOLIO DISPOSAL: Blue-Chip Tenanted Commercial Investment In Glenwood

76 Brand Road, Glenwood, Durban

Site Extent: ± 1 355 m² | Total GLA: ± 792 m² | AAA-Grade Commercial Property - Positioned Opposite Davenport Square | Potential Gross Annual Income: ± R2.248 Million (excluding recoveries) | Current lease expiry March 2030 | Ground floor anchor tenant | Two first floor office units – vacant (either ± 429 m² (combined) or ± 215 m² (individual)) | Further letting potential | 40 Secure on-site parking bays | Situated within the Glenwood UIP Precinct

Durban, KwaZulu-Natal

The property comprises a well-positioned commercial investment situated on a site measuring approximately 1 355 m², with a total gross lettable area of approximately 792 m². The accommodation is arranged across three separate spaces, comprising an ABSA banking branch on the ground floor and two vacant office suites on the first floor which are all supplemented by a basement parking level.

ABSA bank occupies the ground-floor banking premises as the property’s anchor tenant, providing an established rental income stream.

The first floor measures approximately 430 m² and is divided into two office suites of approximately 215 m² each. The suites may be let independently or combined to accommodate a single occupier requiring the full first-floor area. Each office suite includes its own kitchenette and ablution facilities, together with ducted air-conditioning, suspended ceilings, power skirting and independent electricity and water metering.

A total of 40 secure on-site parking bays is provided across open and basement parking areas. Vehicular access is controlled by automated gates, while the property is enclosed by perimeter walls and fencing.

The combination of an established ground-floor anchor tenant, flexible first-floor office accommodation, secure on-site parking and a prominent position opposite Davenport Square makes the property suited to an investor or owner-occupier seeking commercial premises within Glenwood.

Commercial Type:

Commercial Building

Web Reference:

AUCT-002799

List price:

POA

Address:

76 Brand Road, Durban, eThekwini Metropolitan Municipality, KwaZulu-Natal

Auction Venue:

Mount Edgecombe Country Club

Auction Date:

22 October 2026 11:00 am

Auctioneer:

Andrew Miller

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.

AUCT-002799 | On Auction