Prime Land in A Sought After Area
A Rare Find! Development Opportunity in Musgrave
Positioned in one of Musgrave’s most sought-after pockets, this prime piece of development land presents an exceptional investment opportunity. Zoned GR1, the property is ideal for constructing a boutique apartment block perfectly suited for modern living or long-term rental investment.
The property currently includes a dilapidated house that requires demolition, clearing the way for a fresh, purpose-designed development.
Zoning permits a maximum of three floors, with each floor offering up to 296 sqm of buildable area. A highly attractive development concept includes three spacious units per floor, each approximately 98 sqm, giving you a total of nine premium apartments—a perfect balance of density and comfort.
The site’s location is unmatched. Situated in the heart of Musgrave, it offers unbeatable convenience:
Walking distance to Durban High School (DHS)
Just a short stroll to Musgrave Centre for shopping, dining, and daily essentials
Quick and easy access to the freeway, ensuring seamless connectivity
Located along major public transport routes for added accessibility
Whether you're an investor looking to develop a high-demand residential block or a developer seeking a strategic site with excellent returns, this property ticks all the boxes. Rarely does land of this nature, in such a premium location, become available.
A remarkable opportunity not to be missed.
Positioned in one of Musgrave’s most sought-after pockets, this prime piece of development land presents an exceptional investment opportunity. Zoned GR1, the property is ideal for constructing a boutique apartment block perfectly suited for modern living or long-term rental investment.
The property currently includes a dilapidated house that requires demolition, clearing the way for a fresh, purpose-designed development.
Zoning permits a maximum of three floors, with each floor offering up to 296 sqm of buildable area. A highly attractive development concept includes three spacious units per floor, each approximately 98 sqm, giving you a total of nine premium apartments—a perfect balance of density and comfort.
The site’s location is unmatched. Situated in the heart of Musgrave, it offers unbeatable convenience:
Walking distance to Durban High School (DHS)
Just a short stroll to Musgrave Centre for shopping, dining, and daily essentials
Quick and easy access to the freeway, ensuring seamless connectivity
Located along major public transport routes for added accessibility
Whether you're an investor looking to develop a high-demand residential block or a developer seeking a strategic site with excellent returns, this property ticks all the boxes. Rarely does land of this nature, in such a premium location, become available.
A remarkable opportunity not to be missed.
Monthly Rates
R2,235
Features
Interior
Exterior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
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.
