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R4,600,000

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

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Monthly Rates
R4,000

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

6
5
3
Interior
Bedrooms
6
Bathrooms
5
Kitchens
3
Reception Rooms
7
Studies
1
Furnished
Exterior
Garages
3
Carports / Parkings
2
Flatlet
1
Domestic Accommodation
1

Glenwood, Durban

Durban has an interesting history, Vasco da Gama’s passing in 1497, Lieutenant Farewell and Shaka. In 1823 Farewell took part in a British expedition to Natal and then decided to start a settlement there. He persuaded 25 other British colonists to join him, and in June 1824 he built the first houses. Only four of these original settlers remained with him. In July 1824 he visited Shaka from whom he received a...
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Transfer Costs

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Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

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MONTHLY REPAYMENTS

 

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Monthly Payment

48,265.78

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