Landmark Durban Commercial Centre For Sale
POA
Durban Metropolis, Kwazulu Natal
Property Information
CODE : | PP8240 |
Asking Price : | POA |
Ownership : | Leasehold |
Land Size : | 14293m² |
Building Size : | 9900m² |
Description
350 Umgeni Road stands as a landmark destination, widely recognized as the Home Affairs Umgeni Road office.
This high-exposure location enjoys seamless connectivity to the Durban CBD, situated just minutes away, making it a pivotal hub for business, government, and retail activity.
Strategically positioned opposite the City View Shopping Centre (formerly Game City), excellent accessibility is advanced.
The property benefits from its close proximity to major transport links, including the M4, N3, and R102 (North Coast Road)/Main Road. Umgeni Road serves as a major arterial route, linking the central business district with key commercial and residential zones, ensuring continuous high footfall and vehicular traffic.
Surrounded by a dynamic commercial and retail landscape, the location enjoys proximity to key landmarks such as Durban Station, Kings Park Stadium, Moses Mabhida Stadium, and the Durban Beachfront, further enhancing its desirability. The precinct surrounding 350 Umgeni Road is a thriving commercial hub, characterized by a mix of retail, industrial, and office developments.
The property enjoys prime frontage along Umgeni Road, offering unparalleled branding and signage opportunities for tenants.
Current Use
This prominent property, encompassing a Gross Lettable Area (GLA) of 9,900 square meters, offers an attractive combination of retail, showroom and office spaces. With an impressive tenant mix and an unparalleled location, this property represents a valuable asset in one of Durban’s most sought-after precincts.
This recently renovated property is anchored by reputable tenants, including the Department of Home Affairs, Waltloo Meats Butchery, and Trademore Group, contributing to its strong rental income profile. Alongside these key occupants, various other tenants add to the diversified rental stream, generating a substantial monthly rental income. The property is currently 85% tenanted, with a guarantee rental agreement in place for the vacant spaces over a two-year period, ensuring sustained income stability for investors.
The property presents an exceptional leasehold investment opportunity under PRASA, secured until March 2045.
With its versatile configuration, the property currently consists of 3 mixed use development, with approximately 130 parking bays.
Public transport options, including taxis and buses, are easily available, further enhancing its accessibility for both tenants and customers.
Going on auction on 22nd May 2025 this is an opportunity not be missed.
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Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.