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PRIME COMMERCIAL BUILDING IN FLORIDA ROAD, DURBAN SOLD BY JHI

A prime well situated, double-storey commercial building plus adjacent house comprising a total of  954sqm of downstairs retail and upstairs office space and situated in Florida Road, in the vibrant hub of Durban’s popular Morningside area, has been sold for R10.825 million by local JHI leasing and sales broker Chantal Williams.

Located at 136-144 Florida Road the listed building – constructed around the turn of the last century – is fully tenanted and has been purchased by Greys Personnel, who have taken up 350sqm of space for their own head office.

Says Williams: “The Florida Road node is constantly buzzing with activity with a burgeoning cafe society, popular restaurants, shops and a variety of businesses. It is sought after among commercial investors and tenants for numerous reasons including high exposure for trading, convenient access to all major routes in and out of the city as well as the city centre, as well as the potential for sound investment returns in the future. This property achieved R11 373 per square metre which is a current, market related price.”
The property includes 13 parking bays on site. The new owners, who relocated from elsewhere in the Morningside area, are already undertaking renovations in the upstairs area which they now occupy.

Comments Lynne Proude, managing member of Greys Personnel: “As our business and our team have grown we needed additional space, and Florida Road is the ideal location for us as it is central, well-known and provides easy access for our candidates. The building itself is full of character and natural light pours in from the numerous windows and doors, providing a very appealing ambience. We are proud to be associated with the restoration of this building and to make it our new ‘home’.”

Issued by Gaye de Villiers


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