Office Space 36 Kings Road, Pinetown Central

36 Kings Road, Pinetown offers 3 736 m² of former SARS offices opposite Pinecrest Mall, now ready for reinvigoration as a mixed-use retail and office hub.

This building once housed the South African Revenue Service and today carries strong bones but sits under-utilised, with around two-thirds vacant. The ground floor is already active with retail tenants, while the three upper floors of offices present a clear repositioning opportunity. Smart investors will see the scope to blend retail expansion, flexible offices, or even call centre space to meet current market demand.

Current tenants include Clientèle Life, Legends Barber, Cellular Mate, Rhino Money Loans, Umanita Corp, Mandlethu Trading, Garment Division, and the KZN Government Group Scheme. With this mix, income is already anchored — but growth is capped by vacancies.

As of August 2025, the building generated rental and recoveries of roughly R3.26m annually, with expenses of about R3.0m, leaving net income of only R287 803 for the month. That return reflects its current vacancy drag. At full occupancy, the same asset could easily double or triple net returns, creating a markedly stronger yield in a proven CBD location.

Sitting directly opposite Pinecrest Mall and within Pinetown’s busiest retail and transport corridor, the property is exceptionally placed for a value-add strategy. A light upgrade and repositioning could turn this underperforming ex-government building into a vibrant, income-strong mixed-use anchor.

Key features:
• 3 736 m² GLA
• Ex-SARS landmark building
• Opposite Pinecrest Mall
• Multi-tenanted with vacancies
• Strong retail-office potential
• Current net R287k/month