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R 6 900 000

Commercial Property for Sale in Glenashley

Glenashley, Durban North

Contact broker for street address

1 012 m²
- m²: 1 012 m²
- Hectares: 0.101 ha
- Acres: 0.25 acres

Contact Broker

Maurizio Dalle-Vedove

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Investment Opportunity!

Welcome to an exceptional investment opportunity nestled in a prime location with panoramic sea views. This property presents a myriad of possibilities, primed for conversion into student accommodation, a retirement center, or even a multi-unit development (plans have been drawn up and available). Boasting an approved rezoning decision from special residential 900 to intermediate residential, the groundwork is set for transformative ventures.

What sets this property apart is its existing infrastructure: meticulously planned with internal adaptability in mind. The potential for conversion lies predominantly within, where dry-walling offers flexibility to customize and optimize the space to suit your vision. Equipped with prepaid electricity meters, managing utilities is streamlined for convenience.

Currently, the property boasts 23 rooms, 5 kitchenettes, and 7...

Listing number: P24-114169785, Image number: 1

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Property Overview

Listing Number

114169785

Type of Property

Commercial Property

Lifestyle

Suburban

Listing Date

20 March 2024

Erf Size

1 012 m²

Rates and Taxes

R 12 000

Pets Allowed

Facilities

Bedrooms

Bedroom 1

Bedroom 2

Bedroom 3

Bedroom 4

Bedroom 5

Bedroom 6

Bedroom 7

Bedroom 8

Bedroom 9

Bedroom 10

Bedroom 11

Bedroom 12

Bedroom 13

Bedroom 14

Bedroom 15

Bedroom 16

Bedroom 17

Bedroom 18

Bedroom 19

Bedroom 20

Bedroom 21

Bedroom 22

Bedroom 23

Bedroom 24

Bathrooms

Kitchens

External Features

Parking

Outside Areas

Building

Standalone Building

Other Features

Security

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.