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6 Bedroom House For Sale in Glenwood

R4,600,000


Monthly Bond Repayment R48,265.78
Calculated over 20 years at 11.25% with no deposit.

Web Ref No WRL80705

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!

Features

Bedrooms 6
Bathrooms 5
Flatlet 1
Recep. Rooms 7
Dom. Accom. 1
Study 1
Garages 3
Carports/Parkings 2
Furnished Yes
Monthly Rates R4,000.00

Agent Contact Details

Jivanee Naidoo
Wakefields Berea

Cell 083 657 2238
Office (031) 2047100
WhatsApp Me
Annette Whitfield
Wakefields Berea

Cell 071 921 2197
Office (031) 2047100
WhatsApp Me

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