MIXED USED BUILDING - ALMOST FULLY TENANTED - HUB OF OVERPORT
PRIME MIXED-USE COMMERCIAL & RESIDENTIAL INVESTMENT – OVERPORT
An exceptional investment opportunity awaits in the heart of Overport's established commercial hub. This prominent mixed-use building offers a combination of commercial, retail and residential accommodation, making it an attractive proposition for investors seeking versatility and multiple income streams.
The building comprises approximately 2,000 m² of gross lettable area and is configured as follows:
Ground Floor: Dedicated retail space, presently accommodating medical suites and a pharmacy.
First Floor: Seven individual suites, offering flexibility for professional offices, consulting rooms or other commercial activities.
Second Floor: Undercover parking facilities, providing convenient and secure parking.
Third & Fourth Floors: Residential apartments, adding a further dimension to the property's income-generating potential.
The building has recently undergone extensive upgrades and renovations, presenting a well-maintained investment with an insurance valuation of R20 million.
Currently generating a gross annual income in excess of R1,100,000, this property offers an established income base with further potential to optimise returns.
Its strategic positioning provides excellent visibility and exposure, directly opposite Sparkport Pharmacy and a short distance from Shifa Hospital. Situated within a vibrant and diverse community, the property benefits from its proximity to established businesses, medical facilities and surrounding residential developments.
The property's special zoning opens the door to a variety of potential uses, subject to the relevant municipal approvals. Possibilities include retaining its existing mixed-use configuration, converting the building to a fully residential development, utilising it as a dedicated office block or exploring an innovative food and hospitality concept.
A property with location, scale, versatility and substantial potential. Whether you are an established investor, developer or owner-occupier, this is an opportunity to secure a strategically positioned asset in one of Overport's recognised commercial precincts.
An exceptional investment opportunity awaits in the heart of Overport's established commercial hub. This prominent mixed-use building offers a combination of commercial, retail and residential accommodation, making it an attractive proposition for investors seeking versatility and multiple income streams.
The building comprises approximately 2,000 m² of gross lettable area and is configured as follows:
Ground Floor: Dedicated retail space, presently accommodating medical suites and a pharmacy.
First Floor: Seven individual suites, offering flexibility for professional offices, consulting rooms or other commercial activities.
Second Floor: Undercover parking facilities, providing convenient and secure parking.
Third & Fourth Floors: Residential apartments, adding a further dimension to the property's income-generating potential.
The building has recently undergone extensive upgrades and renovations, presenting a well-maintained investment with an insurance valuation of R20 million.
Currently generating a gross annual income in excess of R1,100,000, this property offers an established income base with further potential to optimise returns.
Its strategic positioning provides excellent visibility and exposure, directly opposite Sparkport Pharmacy and a short distance from Shifa Hospital. Situated within a vibrant and diverse community, the property benefits from its proximity to established businesses, medical facilities and surrounding residential developments.
The property's special zoning opens the door to a variety of potential uses, subject to the relevant municipal approvals. Possibilities include retaining its existing mixed-use configuration, converting the building to a fully residential development, utilising it as a dedicated office block or exploring an innovative food and hospitality concept.
A property with location, scale, versatility and substantial potential. Whether you are an established investor, developer or owner-occupier, this is an opportunity to secure a strategically positioned asset in one of Overport's recognised commercial precincts.
Monthly Rates
R3,221.28
Features
Zoning
Interior
Exterior
Sizes
Parking Bays
Listing Info
Overport, Durban
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
