Prime Positioned Home with Abundant Accommodation

AUCT-001386 | On Auction

Prime Positioned Home with Abundant Accommodation

24 Kenneth Kaunda (Northway) Road, Durban North, KwaZulu Natal

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Auction Date: 09 December 2020 11:00:00am

URGENT SALE :Prime Positioned Home with Abundant Accommodation. 24 Kenneth Kaunda (Northway) Road, Durban North

Extent: ±1414 m² | Well situated in Durban North off Kenneth Kuanda Drive | Newly built outbuilding with 8 apartments | Staff Quarters | Swimming pool | 1.5kms from Varsity College



LOCALITY
This property enjoys great exposure on Kenneth Kaunda (previously Northway) Road in the sought-after upmarket residential area of Durban North. The property is situated on the corner of Kenneth Kaunda Road and Glenmore Crescent.

The centrally-located suburb is situated ±15 minutes north of the Durban CBD, and is approximately 25 minutes to the King Shaka International Airport.

Durban North has seen many commercial, residential and restaurant developments. Within Durban North, you will find a plethora of shopping and retail destinations including Pick ‘n Pay Hyper by the Sea, La Lucia Mall, Glenmore Centre, Northway Centre, Kensington square and many more shopping centres. The area lies just before Umhlanga which is home to the Gateway Theatre of Shopping and Umhlanga Netcare Hospital.

The suburb has great infrastructure and there are various roads and highways that connect the area with the rest of Durban and KZN. Kenneth Kaunda Road is among the main roads the connect the highly affluent suburb. Other roads include the M4 Ruth First Highway, Umhlanga Rocks Drive, the M12 and Old North Coast Road.

Great schooling facilities located in the vicinity include Durban North Primary School, Northlands Primary School, Durban North College, Northlands Girls High School, Oakridge College, Chelsea Preparatory School, Hamptons Primary School, St Barnabas Independent School and Virginia Preparatory School.

Moses Mabhida Stadium, Suncoast Casino, and the beaches are situated in close proximity.

PRIMARY USE
This corner property enjoys a good location within the sought-after residential node of Durban North. The property is well accessed directly off Kenneth Kaunda (Northway) Road.

The property comprises a large family home, an outbuilding, swimming pool and spacious parking and a large garden area.

The property is situated on a large flat stand and comprises two main improvements, the main house and the apartments. The main house is spacious and comprises five bedrooms with three bathrooms. The property fronts onto Kenneth Kaunda road and is accessed from Glenmore Crescent via two gates into the property.

The main house has multiple entrances and can be accessed from the front and back of the property. The house features a combination of tiled, laminated and hard wood flooring. The main entrance to the house is through an entrance foyer leading into an air-conditioned lounge and TV room area, a central passage leads through the property which allows easy access to all areas of this house. The property comprises a large fully-fitted kitchen and interleading pantry and a large square dining room area which are all accessed from the central passage. Behind the dining room is a study area or which can be utilized for a dishing up area. One of the rooms is also located adjacent to the dining room with interleading doors.

The bulk of the rooms are located on the Northern end of the property, one room is en-suite. Two of the rooms are accessed separately off the central passage and are totally excluded from the rest of the house. This area has its own bathroom and kitchenette area. The current landlord had rented this section out separately. All the rooms are spacious and include built in cupboards. The house also has three air-conditioners.

The second improvement on the property is an outbuilding which has been converted into 8 apartments with a large kitchen and cooking area. The outbuilding also has staff accommodation. The seller was renting these to students from Varsity college for R3 500.00 per month per room. Due to Covid-19, these leases are no longer in effect.

The property comprises a large outside bricked area, a large braai and relaxation area and a big swimming pool. The pool has its own shower and toilet.

The property is fully-fenced.

Currently zoned residential, with the applicable consent and re-zoning this property will provide endless possibilities. As it currently stands, the property offers great income potential.

Residential Type:
House
Web Reference:
AUCT-001386
List price:
POA
Address:
24 Kenneth Kaunda (Northway) Road, Durban North, KwaZulu Natal
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
09 December 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Document are required
Luke Hearn
                                                     In2assets Representative

Property Agent


Luke Hearn
071 351 8138
[email protected]


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