R 7 600 000

Situated in the heart of Glenwood, Durban, this newly renovated multi-unit apartment building presents a rare and compelling income-generating investment opportunity on a generous 1 000 m² stand with strong development potential.

The building comprises five residential units, all currently undergoing comprehensive renovations. Upon completion, each unit will feature brand-new kitchens, modern bathrooms, and fully upgraded bedrooms. Four units offer two bedrooms each with a kitchen, lounge, and balcony (a mix of open and enclosed balconies), while the fifth unit features three bedrooms, a generously proportioned kitchen, and a spacious lounge. An additional side unit is available for renovation to further enhance rental income, along with a dedicated washing area at the rear of the property.

As visible in the images, the building is a well-maintained three-storey rendered structure finished in warm yellow plaster, with ground-floor garaging for multiple vehicles. Wide communal balconies on the upper levels enjoy treetop and neighbourhood views, framed by mature palm trees. Interior spaces are in a clean, freshly plastered shell-ready condition with tiled floors and new internal doors fitted throughout.

The property is superbly located within walking distance of Kingsley Gardens park (~110 m), The Glenwood Bakery (~145 m), and the Berea Centre shopping mall (~530 m). Schools, preschools, pharmacies, and restaurants are all within a short stroll, making this an attractive proposition for tenants and investors alike. Easy access to major arterials further enhances its appeal.