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

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us