8 Bed House in Glenwood

Investment Opportunity in Glenwood: Prime Development Property

We are pleased to present an exceptional investment property in the heart of Berea, Durban, available for R3.5 million. This 858-square-meter site offers immense development potential, featuring an existing three-bedroom house and approved plans for significant future developments.

Existing Property Details:

The current property on site consists of:

A three-bedroom house, each room with an en-suite bathroom

A spacious dining room, sunroom, and lounge for relaxation and entertainment

A fully equipped bar area

A dedicated office area, which includes:

Three separate offices

One open-plan office

A reception area

A boardroom

Approved Development Plans:

The property comes with pre-approved and existing plans for an exciting new development:

Six two-bedroom units, all designed to be paraplegic-friendly

One luxury penthouse

Helpers rooms and ample storerooms

Undercover rooftop entertainment area

Fully fenced swimming pool

Lift access for all levels, ensuring ease of movement for all residents

Demolition and Municipal Approvals:

The existing house is set for demolition, with all permits and applications completed and approved by the municipality and the AMAFA application approved.

This property presents a unique opportunity for developers and investors to capitalize on the high demand for residential units in Glenwood. Its central location, combined with modern amenities and approved development plans, makes this a lucrative investment.

Contact us for further details or to arrange a viewing.