Exceptional Property for student Accommodation in Reservoir Hills, Durban
ZAR 2,550,000.00
Location: Reservoir Hills, Kwazulu-Natal
For sale by: Owner
Available from: 27/12/2023
Dwelling type: House
Bedrooms (#): 6+
Bathrooms(#): 4+
Size (sqm): 4124
Parking: Off street
For Sale by Owner: Exceptional Property in Reservoir Hills, Durban This exceptional residence, attractively priced at R2,550,000. Contact M. Singh at 083 300 1584 or email mkrsingh5@gmail.com to arrange a viewing.
Welcome to 36 Westdale Crescent, your potential income-generating haven nestled at a cul-de-sac. This luxurious 3-storey face brick house, spanning an expansive 4,124m² site area, is now available for immediate purchase.
Property Highlights:
Elegant Porcelain Tiles & Modern Amenities across a spacious 308 sq. meters.
Fully Alarmed for Security with Breathtaking Views of Palmiet River.
Approximately 20 Rooms, 2 Bathrooms, and 2 additional separate toilets.
Ideal for Student Accommodation (subject to application) within 1.0 km walking distance to the University of Kwa Zulu Natal.
Zoning options include doctor’s rooms, traditional healers, or veterinarian rooms.
This exceptional residence, attractively priced at R2,550,000 (no agent’s commission), offers a unique investment opportunity. The three-storey masterpiece features heavy-duty Trellidor doors & windows, three-phase electricity, power skirtings, window blinds, full air conditioning, and an external generator. Enjoy a monthly rental income of R50,000.
Strategically positioned on a cul-de-sac, just 1 km walking distance from UKZN Westville campus, this property is a prime candidate for student accommodation. Rooms are equipped with shelving and fitted desks, making conversion into student housing a lucrative possibility.
Location: 36 Westdale Crescent, off Varsity Drive, off Madras Road, Reservoir Hills. Portion 51 of Erf 4660. 4,124m², Special Residential 1, Zoning 650 m², Inner West Region of eThekwini Municipality. Site area allows for an additional 5 dwellings.
Floor Areas:
Basement: 88.770 sq. meters
Ground floor: 109.547 sq. meters
First floor: 109.547 sq. meters
Total Floor Area: 307.864 sq. meters
The property is fully serviced with sewer and stormwater facilities, this property is an incredible investment. Act now to secure this outstanding property. Contact M. Singh at 083 300 1584 or email mkrsingh5@gmail.com to arrange a viewing. Don’t miss out on this opportunity; the property won’t remain available for long. Calculation= 4124/650=6.3 Units, say 6 Units permissible on this property. You can build an additional 5 Units with 12 parking bays at the upper level. Furthermore, this property may be rented as 3 separate floors with minor adjustments.
- Listing ID: 2383
