5 Bedroom House in Glenwood

R 6 250 000

Sharon Dell

Pam Golding Properties-Durban

5 Bedroom House in Glenwood

R 6 250 000

Can I afford this?
5 Beds
4 Baths
6 Garages
Floor Area 700 m²
Land Area 2243 m²
Rates R 2589

Lucrative large-scale student-accommodation. Tucked away in the heart of prime Glenwood, this 2243 m level site is securely walled and improved with a Victorian houseEither take advantage of the existing improvement and fill the growing need for student accommodation.Or demolish and develop. The current GR2 zoning permits 43 units, comparing favourably price-wise with sites on the Berea and Musgrave.Should you wish to preserve the dwelling house, 700m are under roof. Two entrances to the site mean drive-in access and parking for more than fifteen cars. Currently a double storey with three bedrooms, three bathrooms, two lounges and study, which could be used as a five bedroomed home. Enormous granite kitchen with a separate scullery and laundry. The multiple-zoned alarm system is partitioned with internal and external sensors and Chubb armed response, two separate power supplies and six electrical distribution boards.

Alterations and renovations, some still incomplete, include six garages with potential for vertical extension, a summer house, bathrooms, patio, gym with an en suite bathroom and sauna, workshop and a studio which can be converted into a cottage. The staircase in the main house is elegant enough for corporate offices or a medical practice. Space for a future lift. The 20m pool at 1.1m depth throughout with a Jacuzzi has three pool pumps and heater, and could be used for physiotherapy and rehabilitation. All alterations done according to approved plans. In terms of the current zoning may also be used as a ten-room boutique hotel, step-down medical facility, or medical centre to accommodate GP's, physiotherapists, psychology, and specialists.

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Key Property Features

5
Bedrooms
4
Bathrooms
1
En-suite
6
Garages
2
Lounges
Alarm
Garden Cottage
Kitchen
Patio
Pool
Scullery
Study

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Sharon Dell

Sharon

Dell

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Experience Durban Central

Durban Central is a diverse, colourful neighbourhood that includes the beachfront areas, the Berea, Morningside, Glenwood, Musgrave and the CBD. The beach is the biggest attraction and locals flock the promenade to cycle, run, surf, swim, fish or just catch some sun. There are also incredibly lush parks and open spaces dotted around the neighbourhod for residents to take advantage of. The nightlife in Durban Central is exciting with numerous bars, pubs, restaurants and night clubs in close proximity to each other. As its name implies, Durban Central's location makes it convenient to get to any of the other areas around Durban.

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5 Bedroom House in Glenwood

R 6 250 000

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