R 4 600 000
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6 Bed House in Glenwood

6 5 5

Development Property in Prime Glenwood Opposite St Augustines Hospital

This property sounds like a fantastic opportunity for developers or investors seeking a prime location with a range of possibilities. Here''s a summary of its key features:

Property Overview

Total Land Size: 1107sq. meters (combined with adjoining property).

Current Structure: A vintage house with multiple self-contained sections, suitable for multi-family occupancy or redevelopment.

Location: Strategically situated near business establishments, health facilities, and across from St. Augustine''s Hospital.

Current Layout

Ground Floor:

Section 1:

2 rooms, a bathroom, separate toilet, large lounge, and spacious kitchen.

Independent entrance.

Section 2:

Large lounge, one bedroom with en-suite, and kitchen.

Separate entrance.

Section 3:

Studio with en-suite and an adjacent laundry room (convertible for studio use).

Upper Level:

2 large en-suite bedrooms:

One with a back deck.

The other with a full-width front balcony offering harbor and hospital views.

Additional study (convertible into a bedroom).

Open-plan dining area adjacent to a kitchen.

Massive lounge opening to the front balcony.

External Features:

Paved driveway leading to a triple garage, covered parking for four cars, and open parking for three cars.

Granny cottage attached to the garage with a private entrance.

Stairs and wheelchair-accessible ramp for access to the house.

Lush greenery and trees for privacy.

Development Potential

Ideal for rezoning into:

Medical suites (given proximity to hospitals).

Residential flats.

Commercial offices.

Excellent accessibility to schools, universities (UKZN), and other amenities.

Unique Selling Points

Large property size in a high-demand location.

You can also acquire the adjoing property of 1105 sq. mt giving a total area of 2212 sq,. mt for development

Flexible layout accommodating multiple families or tenants.

Strategic position with harbor views and proximity to key establishments.

Development-ready with ample parking and separate living sections.

This is a rare opportunity for those looking to develop in a well-connected and thriving area. Whether you''re envisioning modern apartments, medical offices, or a mixed-use development, this property is ripe for transformation. Bring your offers today!

Property details

  • Listing number T4891185
  • Property type House
  • Listing date 4 Dec 2024
  • Rates and taxes R 4 000

Property features

  • Bedrooms 6
  • Bathrooms 5
  • Lounges 3
  • Dining areas 4
  • Garage parking 3
  • Covered parking 2
  • Flatlets
  • Balcony
  • Laundry
  • Staff quarters
  • Study
  • Furnished

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