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R 1 795 000

Commercial Property for Sale in Glenwood

Glenwood, Durban
  • Floor Size 400 m²
Exceptional Property with Income Potential – Perfect for Professionals!

Investment Opportunity with Dual Living and Income Potential!

This well-secured, meticulously maintained property offers not only comfortable living but also a unique investment opportunity with significant income potential. Ideally situated in a peaceful cul-de-sac, this property boasts a main dwelling, a spacious one-bedroom cottage, and four income-generating units, making it perfect for business ventures, rental investments, or professional offices.

Main Dwelling:

Generously sized living room, with ample space for lounge and dining furniture

Fully equipped kitchen featuring granite countertops, space for a double-door fridge and bar fridge, Bosch Ceran hob, under-counter oven, Defy cooker hood, and LED strip lighting

Two beautifully carpeted, air-conditioned bedrooms with built-in cupboards; the master bedroom includes an en-suite bathroom with a...

Investment Opportunity with Dual Living and Income Potential!

This well-secured, meticulously maintained property offers not only comfortable living but also a unique investment opportunity with significant income potential. Ideally situated in a peaceful cul-de-sac, this property boasts a main dwelling, a spacious one-bedroom cottage, and four income-generating units, making it perfect for business ventures, rental investments, or professional offices.

Main Dwelling:

Generously sized living room, with ample space for lounge and dining furniture

Fully equipped kitchen featuring granite countertops, space for a double-door fridge and bar fridge, Bosch Ceran hob, under-counter oven, Defy cooker hood, and LED strip lighting

Two beautifully carpeted, air-conditioned bedrooms with built-in cupboards; the master bedroom includes an en-suite bathroom with a shower

Spacious office/study with built-in cupboards, a large worktop, and secure access to the garden—ideal for a home office or consulting room

Additional features include a fitted alarm system, smoke detector, large storage cupboard, and outdoor tiled verandah with a built-in braai for entertaining

Outdoor Features:

A 38-square-meter automated garage with a workbench, plumbing for laundry, and additional storage

Two driveways with ample parking, enhanced by automatic exterior lights

Private front garden and secure access throughout the property

Income-Generating Units:

The property includes four lettable units, offering a total rental yield of R17,000 per month:

Two single rooms with built-in cupboards, kitchen sinks, and shared bathroom facilities (R2,800 per month each)

Bachelor unit with a shower bathroom (R3,700 per month)

One-bedroom cottage (70 sqm) featuring a lounge, kitchen, and two bathrooms (R5,700 per month, including utilities)

All units are equipped with shared facilities such as a DSTV dish, communal wash-line, and solar panels for hot water.

Commercial Potential:

With business rights obtainable, this property is perfect for those looking to convert it into professional offices, medical consulting rooms, or other business ventures. The proximity to an already established business premises and multiple driveways ensures convenience and visibility for clients or customers.

Investment Potential:

Whether you're looking for a multi-generational home or an investment with significant rental returns, this property offers the best of both worlds. The potential for R17,000 monthly rental income from the lettable units combined with a comfortable and well-appointed main dwelling makes this an exceptional opportunity.

Don’t miss out on this versatile, well-priced property! Contact us today to schedule a viewing—by appointment only.

This version highlights the investment and commercial potential, appealing to both residential and business-minded buyers.

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Property Overview
Listing Number
115038875
Type of Property
Commercial Property
Description
Freestanding, Garden Flat
Listing Date
08 October 2024
Erf Size
705 m²
Floor Size
400 m²
Rates and Taxes
R 1 323
Bathrooms
3.5
Bath, Toilet and Basin, En suite, Main en Suite
Kitchens
2
Granite Tops
Rooms
Curtain Rails, Internet Port
Security
Burglar Bars, Electric Garage, Intercom, Perimeter Wall, Security Gate, 24 Hour Access, 24 Hour Response
Temperature Control
Air Conditioning Unit
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