400 m² Commercial space in Essenwood

INVESTMENT OPPORTUNITY WITH DIVERSE DEVELOPMENT OPTIONS

This unique property offers an excellent investment opportunity, boasting dual road frontages between 11th Avenue and Problem Mkhize Road formerly Cowey Road.

Situated on a 999m2 land extent, the property currently comprises a main dwelling, spacious outbuilding and double garage, providing several possibilities for an investor, developer or owner-occupier.

The main house faces Problem Mkhize Road, with a garden and staircase leading up to the residence. The property is presently being utilised as accommodation but offers the flexibility to be transformed into a beautiful family home, professional offices or another suitable use, subject to the necessary approvals.

Between the main house and the outbuilding, towards the 11th Avenue frontage, is a non-functional swimming pool. This could be restored and incorporated into an entertainment area or closed off to create additional usable space, depending on the purchaser''s requirements.

The spacious outbuilding further enhances the property''s potential and comprises a large room, lounge, kitchen and bathroom. Together with the existing double garage and generous land size, this provides ample scope for refurbishment, rental accommodation or redevelopment.

Importantly, the property is zoned Medium Density Housing, making it particularly attractive to developers looking to unlock the development potential of this well-positioned site.

KEY FEATURES

999m2 land extent

Dual road frontage

11th Avenue and Problem Mkhize Road Cowey Road

Main dwelling

Spacious outbuilding

Large room, lounge, kitchen and bathroom

Double garage

Existing swimming pool

Currently utilised as accommodation

Potential for residential or office conversion

Medium Density Housing zoning

Excellent development potential

Ideal for investors and developers

A property offering multiple options renovate, repurpose, generate rental income or redevelop. This is an opportunity not to be missed.