Commercial for sale
Set in bustling Newlands near Bassa Hardware, this income-producing mixed-use property offers business zoning, four retail shops, a self-contained apartment and immediate rental upside.
📍 Business-Zoned Mixed-Use Investment Property in Newlands with Strong Rental Income & Upside
Located in Newlands, in close proximity to Bassa Hardware, this property enjoys excellent accessibility and strong surrounding commercial activity, making it a highly attractive income-generating investment opportunity.
Zoned for business use, the property is ideally positioned for investors seeking a mixed-use asset with long-term growth potential and rental upside.
💰 Income-Generating Property
This fully tenanted property consists of:
4 retail shops
1 one-bedroom apartment
3-bedroom main house
💡 Current rental income: ±R26,500 per month
💡 Existing rentals are below market value, offering immediate potential for rental optimisation and increased returns.
📈 Projected Income After Rental Adjustment
Based on conservative market-related estimates:
Retail shops: ±R6,000 – R7,000 each
One-bedroom apartment: ±R5,500 – R6,500
Main house: ±R8,000 – R10,000
💡 Estimated potential rental income: ±R37,500 – R44,500 per month
➡️ This represents a realistic and achievable increase, significantly improving overall return on investment.
🏡 Residential Features
Main Residence:
2-bedroom home with a flexible layout
Separate dining room that can be converted into a third bedroom, home office, or additional rental space
2 bedrooms with en-suite bathrooms
Air-conditioning installed
One-Bedroom Apartment:
En-suite bathroom
Open-plan kitchen and living area
Air-conditioned
Separate water sub-meter
📊 Investment & Expansion Potential
Plans in place for further extension
Opportunity to further increase rental yield
Positioned in a growing commercial node with strong demand
🔥 Key Highlights
Business zoning = long-term capital growth
Multiple income streams = reduced risk
Under-market rentals = immediate value-add opportunity
High-visibility location near Bassa Hardware = strong tenant demand
A strategic opportunity to acquire a well-located, income-producing property in Newlands with strong upside potential and scalable returns.
Listed for sale at R4,300,000
Newlands West is a well-established, family-oriented residential suburb in Durban that offers a convenient community lifestyle with easy access to essential amenities and major transport routes.
