Useful for Retail/Development
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 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.
Monthly Rates
R3,118
Features
Zoning
Interior
Sizes
Parking Bays
Listing Info
Sea View, Durban
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
