10 Bedroom House in Palmiet

Unlock Massive Development Potential in the Heart of Durban

Attention developers and visionary investors! This is a rare chance to acquire a significant footprint on the sought-after Clare Road. Spanning a total of 331m2, this property is being sold as a single, high-yield package comprising three separate sectional titles.

While the current structures require extensive renovation, the layout and location offer the perfect canvas for a high-density apartment conversion or a lucrative multi-unit rental portfolio.

The Property Breakdown

The sale includes three distinct sections, providing a versatile foundation for your architectural plans:

Section 1 : 132m2 5 Bedrooms, 2 Toilets, Shower, Lounge, Kitchen & Enclosed Verandah

Rates: R700.82

Section 2 : 61m2 2 Large Rooms, Kitchen, Shower & Toilet, Enclosed Verandah

Rates:

Section 3 : 138m2 3 Bedrooms, 2 Lounges, 2 Toilets, Full Bathroom, Kitchen & Enclosed Verandah

Rates: R724.58

Why This is an Investors Dream:

Strategic Location: Situated in a high-demand area of Durban, perfect for attracting long-term tenants or student accommodation.

Triple-Title Advantage: Having three existing titles simplifies the legal framework for multi-unit development.

Blank Canvas: The fixer-upper status is reflected in the aggressive pricing, allowing you to gut and remodel to modern luxury standards or maximize unit density.

Unbeatable Value: At an asking price of just R1.6 million for the entire 331m2 package, the price per square meter offers an exceptional entry point for a project of this scale.

Investor Note: This property is sold as a whole unit. Bring your architect and your vision to transform this diamond in the rough into a flagship residential block.

This property is also being sold with an adjoining 2446m2 property on Oflarherty Road also listed at R1.6m