Positioned in the heart of the prestigious Musgrave suburb, 236 Stephen Dlamini (Essenwood) Road presents an exceptional opportunity to acquire a well-maintained residential block that combines convenience, lifestyle and investment value. The block comprises 9 spacious apartments, offering a mix of 1.5-bedroom and 2-bedroom layouts, each featuring well-proportioned lounge and dining areas, functional kitchens with modern granite tops in the majority of units and a bright, homely atmosphere. The property has been meticulously maintained, presenting a clean and neat environment that appeals to the current tenants, investors and end users.

The block is enhanced by secure parking facilities, including 5 lock-up garages and 8 open bays, ensuring ample accommodation for residents’ vehicles. Additionally, the property provides domestic quarters, a feature that enhances practicality and convenience for residents. Modern lifestyle requirements are well catered for, with fibre internet connectivity readily available throughout the block, while compliance with fire safety standards ensures peace of mind and security.

In terms of location, this property could not be better situated. It lies just two doors away from the iconic Musgrave Mosque and directly opposite the leafy Essenwood Park, offering a unique blend of cultural, recreational, and lifestyle amenities. The area is well regarded for its access to quality schools, medical facilities, shopping centres such as Musgrave Centre, and excellent transport routes linking to Durban’s CBD and surrounding suburbs. Its central positioning makes it an attractive address for both families and professionals.

Currently, the block is fully tenanted, generating a monthly rental income of R76,000, providing an immediate and consistent return on investment. For a purchaser seeking vacant occupation, the tenants require two months’ notice to vacate, allowing flexibility for future repositioning. Whether retained as a strong income-producing asset, reconfigured for sectional title sales, or modernised into a boutique lifestyle block, the property offers significant potential.

The sellers have already conducted their due diligence, confirming that with the right configuration the property can accommodate ±50 students, complete with study areas, TV rooms, an RA residence, and parking for private student transport.

With its strategic location, reliable rental income, and flexible use options, 236 Stephen Dlamini Road is a rare opportunity to secure a foothold in one of Durban’s most sought-after residential nodes. This is an investment that balances immediate returns with long-term growth potential, appealing to discerning investors and developers alike.