Glenwood - DBN - MR322464

Apartment in Glenwood - DBN, Durban - CBD, Kwa-Zulu Natal

R 7,650,000

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12
8
685m2
Glenwood - DBN - MR322464
Apartment in Glenwood - DBN, Durban - CBD, Kwa-Zulu Natal
R 7,650,000
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Key Features

Rooms

  • 12 Bedrooms
  • 8 Bathrooms

More Features

  • Property Type - Apartment
  • Seller Type - Private Property
  • Floor Area - 685m2
  • Price per square floor meter - R11,168 per m2

MyRoof Stats

  • 443 Views
PID=322464 DID=340578 SID=1

Ideal property for student accommodation The property fronts onto Bulwer Road, in Glenwood, Durban and is exceptionally well located, across the road from Glenwood High School and in close proximity to both the UKZN, DUT and the city centre, making it an ideal property for student accommodation. The property has been improved with a three-storey, block of flats, consisting of ground, first and second floor. The block consists of six flats, offering a total of 12 bedrooms, 6 kitchens, 8 bathrooms, 8 lounges, a bar area, an outdoor pool, braai, Gazebo and entertainment area, numerous storerooms, 2 laundry areas with windy driers, an electronic front access gate, plus secure covered parking for 10 cars. This unique 12 room property, which has numerous expansion opportunities, could currently accommodate 24 students as it stands and with some additions (see below), it could accommodate between 36 and 42 students. Should a purchaser wish to expand the property to accommodate an additional 12 to 18 students, they could carry out the refurbishments and renovations, suggested below. • With some very minor additions to Flat 1, an additional 3 rooms could be added. • There is also enough space on the property to add a further 2 to 3 rooms, should this be required. • Furthermore, there is also an additional area on the flat above the roadside double garage, where an additional 2 to 3 rooms could be constructed. • All in all, and additional 4 to 9 rooms could be added, to the existing 12 rooms, depending on the degree of renovation, that the new owner would want to undertake. To arrange a viewing, please contact the Craig. This is exceptional value with so many expansion opportunities … do not miss this one!!!!


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