Mixed Use Phoenix Property Durban
Commercial & Residential In One!

MIXED USE PROPERTY IN PHOENIX SHASTRI PARK, DURBAN

TO BE OFFERED WITH THE LEASE AGREEMENT AND THEREAFTER WITHOUT THE LEASE AGREEMENT

Portion 0 of Erf 530 Shastri Park, Registration Division FU in eThekwini Municipality, Province of Kwazulu-Natal in extent of 378sqm held under Title Deed Number: T6514/2018

Address: 2 Cobble Park Road, Shastri Park, Phoenix, KwaZulu Natal - Extent: 378m²

Zoning

NB.: The records at the local municipality show that: Erf 530 Shastri Park is zoned as special residential

Strategically positioned on the corner of Cobble Park Road and Palmview Drive, this three-storey mixed-use property delivers a blend of retail exposure and residential income potential.

The property features a ground-floor retail unit facing Palmview Drive — ideal for a supermarket, convenience store, or takeaway outlet — complemented by six residential units on the upper floors. Each unit comprises a lounge, open-plan kitchen, and three bedrooms (including a main en-suite), catering to the high demand for affordable accommodation in the Phoenix area.

With a total Gross Building Area of 670sqm, this property provides both commercial and residential returns. While some interior finishes require completion, the structure is solid and the property includes an asphalt parking area, ensuring ease of access for tenants and customers alike.

Highlights:

• Prime mixed-use site on a visible corner stand
• Retail + six residential units (multi-income potential)
• All municipal services connected
• Great investment for owner-operators or portfolio diversification
• This property is a ready-made opportunity to earn from both retail and residential streams with minimal additional investment.

THE PROPERTY WILL BE OFFERED WITH THE LEASE AGREEMENTS AND THEREAFTER WITHOUT THE LEASE AGREEMENTS.

For more info contact Danielle 033-397-1190 or email reception@maskell.co.za