Student Accommodation Development Opportunity

AUCT-001602 | On Auction

Student Accommodation Development Opportunity

155, 157, 159, 161, 165 & 171 Steve Biko (Mansfield) Road, Musgrave, Durban, KwaZulu Natal

Student Accommodation Development Opportunity, 155, 157, 159, 161,165 & 171 Steve Biko (Mansfield) Road, Musgrave, Durban

6 Residential Properties | Total Extent: ± 2 398 m² | ±50 m From Durban University of Technology | Within walking distance to all 3 Campuses | Easy Access via the N3 | Ideally situated for Student Accommodation | To be offered individually and as a combined lot | All properties Zoned General Residential 1


This rare opportunity allows for the purchase of a cluster of 6 neighbouring properties on Steve Biko (Mansfield) Road. The properties will be offered both individually and as a combined lot. The 6 properties have a combined extent of ±2 398 m² and are positioned on Steve Biko (Mansfield) Road, in the upmarket suburb known as Musgrave ± 50m from Durban University of Technology (DUT) college. The properties are within walking distance to all 3 Campuses (Ml Sultan, Ritson & Steve Biko).
The Musgrave area is one of the upmarket suburbs which form the greater Berea region. The properties are situated on the southern periphery of the suburb and close to the N3 National Freeway, which offers direct access to the Durban Central Business District. The properties are positioned within a short distance from the Musgrave Shopping Centre and from The Berea Centre. Steve Biko (Mansfield) Road provides easy access to the N3, which is approximately 400m south of the properties via King Dinuzulu Road (Berea Road).

The surrounding area is characterised by sectional title residential blocks, whilst retail and office accommodation complete this upmarket node. This area is well known for its popular restaurants, coffee shops and offices. Musgrave is considered one of the most sought after locations within the greater Berea region. The area surrounding the subject property is one of high demand and has good occupancy levels. Redevelopment is a common sight in these areas. Few properties are changing hands and new construction is required to satisfy demand. The properties are well appointed with regard to location and is in close proximity to all necessary amenities such as public transport facilities, schools; institutional centres; entertainment and shopping centres.

Each Erven is improved with residential dwellings and outbuidlings with various styles. Each property is described in more detail below:
155 Steve Biko (Mansfield) Road, Musgrave Durban.
This property has an extent of ± 256 m² and comprises a main house and outbuilding. The main house consists of a kitchen, lounge, a general bathroom with bath and shower and 3 bedrooms one of which has an ensuite bathroom and a small kitchen with a lounge area. This room can be isolated from the main house and can serve as a self-contained unit. An outbuilding is situated at the rear of the property and is made up of a small workshop with 1 room a toilet and a shower. This outbuilding can be converted and renovated to accommodate tenants on the property. There are also 2 garages situated at the front of the property.

157 Steve Biko (Mansfield) Road, Musgrave Durban.
This property shares a common wall with 159 Steve Biko Road and has an extent of 242 m². The property comprises of a double storey main house and double story outbuilding. The ground floor of the main house comprises a fitted kitchen, dining room, lounge and a guest toilet. The first floor hosts the sleeping area and consists of a general bathroom and 3 bedrooms one of which an ensuite bathroom. The ground floor of the outbuilding is made up of a laundry room, tool room and domestics quarters converted to a flat with a small kitchen as well as a shower and toilet. The first floor consists of 1 large room. The property can accommodate parking for 2 vehicles at the front.

159 Steve Biko (Mansfield) Road, Musgrave Durban.
The layout of this property is almost identical to 157 Steve Biko (Mansfield) Road with the extent of this property being 249 m². The ground floor of the main house comprises an open plan kitchen and dining area, a separate lounge and guest toilet. The first floor is made up of a general bathroom and 3 bedrooms one of which an ensuite bathroom.
The outbuilding is single storey and comprises of 2 store rooms and a domestics toilet.
This property also offers a decent sized swimming pool and can accommodate parking for 2 vehicles at the front

161 Steve Biko (Mansfield) Road, Musgrave Durban.
This property has an extent of 378 m² and comprises of a double storey main building and outbuilding. The main building has been adapted to cater for the accommodation of students. Both the Ground and first floor consist of 4 Rooms, a kitchen, separate toilet and bathroom. The outbuilding comprises store room and a studio apartment consisting of 1 room with a kitchen and bathroom.

165 Steve Biko (Mansfield) Road, Musgrave Durban.
This property comprises of a double storey main building and an outbuilding with the extent of the property being 378 m². Both the ground floor and first floor consist of an open plan kitchen dining and lounge with 2 bedrooms a separate bathroom and separate toilet.

The outbuilding hosts 2 bachelor flats.
171 Steve Biko (Mansfield) Road, Musgrave Durban.
This property has been sectionalised and comprises of 2 sectional title units being section 1 & 2 Milliscope. Section 1 has an extent of 125 m² with the extent of section 2 being 105 m². The extent of the site is 895 m². The property is improved with a double storey main building and out building at rear. Most of the improvements have been adapted for the purpose of accommodating students.

The ground floor of the main building comprises of 5 rooms, 2 general bathrooms and a kitchen. The first floor consists a lounge, general bathroom and 3 rooms of which has an ensuite bathroom. There is also a lounge area at the rear which is currently being utilised as a room.

The ground floor of the outbuilding comprises of 2 studio apartments made up of 1 room with a kitchen and general bathroom. Also on the ground floor is one room which is occupied by a salon. The first floor host a residential unit consisting of 1 bedroom, lounge, kitchen and general bathroom.

Residential Type:
Entire Building
Web Reference:
AUCT-001602
List price:
POA
Address:
155, 157, 159, 161, 165 & 171 Steve Biko (Mansfield) Road, Musgrave, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
23 February 2022 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 23 February 2022 11:00:00am


Muhammad Ali
                                                         In2assets Representative

Property Agent


Muhammad Ali
Show number
[email protected]


Contact Us!



 * I agree to the In2assets Privacy Policy
 Add me to the mailing list & WhatsApp to receive the latest property listings.