R10,500,000

R10,500,000

500m² Apartment Block For Sale in Glenwood
32 Chestnut Road
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Multi-Unit Student Accommodation Complex in Glenwood

Web Ref. CL1283
Land size 624.00 m²
Floor size 500.00 m²
Monthly Bond Repayment
R98,015.54
This commercial property in Glenwood, Durban, presents a compelling investment opportunity as a fully operational student accommodation or regular room rentals. Comprising 33 individual units, each equipped with its own bedroom, bathroom, and kitchen facilities, the property is ideally positioned to serve the substantial student population in the area. The suburban location offers convenient access to educational institutions and local amenities, making it an attractive choice for student renters seeking quality accommodation.

The complex features practical infrastructure designed for multi-unit residential management, including six parking spaces to accommodate residents and visitors. The 624 square meter erf provides a solid foundation for the existing development, with each unit independently appointed to ensure tenant comfort and satisfaction. The property''s established operational status means immediate income generation potential for investors seeking stable, recurring revenue from the education sector.

Each room has a pre- paid electricity and water meter and fire alarm system. The bathroom has an instant water heater.

Key Features

33 self-contained units with individual bedrooms and bathrooms

33 kitchens for independent meal preparation

Six parking spaces for residents and guests

624 sqm erf in suburban Glenwood location

Established student accommodation operation

Proximity to educational institutions and local services

This property represents a proven commercial investment with consistent demand from the student rental market. Whether you are an experienced property investor or seeking to expand your portfolio, this multi-unit complex offers reliable returns and operational efficiency. Contact us today to arrange a viewing and discuss the investment potential of this established student accommodation facility.
Monthly Rates R7,000

Features

Zoning
Mixed Use
Interior
33 Kitchens
33 Bathrooms
Sizes
Land Size 624 m²
Floor Size 500 m²
Listing Info
Date Listed 09-10-26
Time Listed 16:40

Disclaimer

While every effort will be made to ensure that the information contained within the Legacy Real Estate Group website is accurate and up to date, Legacy Real Estate Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.