his commercial property, located in the economic hub of Clairwood along South Coast Road, presents an excellent investment opportunity with untapped potential. It is a two-level structure with a diverse mix of tenants on the ground floor, which includes 11 shops offering services such as tailoring, hair salons, beauty parlours, clothing stores, hairpieces, and haberdashery. These businesses currently generate a steady monthly income of R36,000.
The ground floor consists of 9 shops and 2 salons, while the upper floor hosts a block of flats. The flats offer good rental potential, and one of the flats is a 3-bedroom unit with a balcony, providing another source of income. Alternatively, the upper floor could be converted for further commercial use, enhancing the property's overall profitability.
The adjoining property, Jack’s Restaurant, is also for sale, increasing the possibilities for further development or expansion. The property offers considerable potential for re-development, which could breathe new life into the area and restore its past vibrancy. With the right vision and innovation, this site could play a central role in revitalizing the business activity in Clairwood, making it an exciting prospect for investors, developers, or entrepreneurs looking for growth opportunities in a strategic location.
Whether used for residential, commercial, or mixed-use purposes, this property offers the flexibility to be transformed into a valuable asset.
The city of Durban is rich in culture, warmth and personality. The view of the city skyline with the iconic Moses Mabhida Stadium arch rising from the bay on a crisp blue afternoon is breathtaking. There are miles of gorgeous beaches and vegetation-dense inland hills rising behind the city borders, when the need to get out and explore beckons. This raw beauty has guaranteed that Durban has and always will be a...
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