AUCT-002791 | On Auction

PORTFOLIO DISPOSAL: Prime Re-Development Property Within Walking Distance From UKZN Campus

Until Our Next Auction
22 October 2026 | 11:00:00 am

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    2026-10-22 11:00:00
    PORTFOLIO DISPOSAL: Prime Re-Development Property Within Walking Distance From UKZN Campus

    302 & 304 Sphiwe Zuma Avenue, Glenmore, Durban

    Combined Site Extent: ± 1 392 m² | 13 Ensuite bedrooms plus 3 bedroom residential dwelling | 200m from UKZN | Ample on-site parking | Currently operated as Glenmore Lodge – Property sold lock stock and barrel with all movable assets | Ideal for student accommodation | Sold vacant occupation

    Berea, KwaZulu-Natal


    Exceptionally positioned just 200 metres from UKZN, 302 & 304 Sphiwe Zuma Avenue offers outstanding accessibility for students, staff, visitors and residents. The properties are conveniently accessible from surrounding arterial routes and benefit from ample onsite parking, making them practical for both residential and commercial-oriented uses.

    Location
    Located in Glenmore, Durban, this unique offering comprises two freestanding properties at 302 and 304 Sphiwe Zuma Avenue. Their prime positioning within walking distance of UKZN places them within one of the area's most established and sought-after student and residential nodes, offering an exceptional combination of location, convenience and investment potential.

    Surrounding Area
    The properties are situated within an established residential precinct characterised by a strong student presence, established homes, student accommodation, educational facilities, retail amenities and convenient access to Durban's wider transport network. The close proximity to UKZN creates a natural and ongoing demand base for quality student and residential accommodation.

    Features
    The offering comprises two freestanding properties currently operating as Glenmore Lodge. The lodge component features 13 en-suite bedrooms and is being sold lock, stock and barrel, inclusive of the movable items required to continue operating the business as a lodge. The second property comprises a three-bedroom house, swimming pool and ample onsite parking. The existing improvements provide flexibility for continued operation or future repositioning.

    Branding Exposure
    The existing Glenmore Lodge operation provides an established identity and an opportunity for an incoming purchaser to continue with an existing hospitality concept or reposition the property under a new brand. Its highly strategic location just 200 metres from UKZN provides excellent exposure to students, academics, visitors and the broader university community.

    Potential Uses
    The properties present an exciting opportunity for investors, student accommodation operators and developers. Potential uses include continuing the existing lodge operation, converting the accommodation into student housing, creating a private student residence or pursuing a residential redevelopment, subject to the necessary approvals. The combination of two freestanding properties, existing accommodation infrastructure and proximity to UKZN creates multiple avenues to unlock additional value.

    A RARE GLENMORE INVESTMENT OPPORTUNITY
    Two freestanding properties • 200m from UKZN • 13 En-Suite Bedrooms • 3-Bedroom House • Swimming Pool • Ample Parking • Double Garage • Sold Lock, Stock & Barrel • Student Accommodation & Redevelopment Potential
    Commercial Type:
    Development
    Web Reference:
    AUCT-002791
    List price:
    POA
    Address:
    302 & 304 Sphiwe Zuma Avenue, Berea, eThekwini Metropolitan Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    22 October 2026 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required DISCLAIMER: Website listings are for information purposes only and remain subject to change, amendment, correction or withdrawal at any time prior to the auction. As further information becomes available, revised listings will be published from time to time. It may not be possible to identify, track or specifically draw attention to every amendment or revision. The final brochure and Conditions of Sale, as issued to each registered bidder via email and/or WhatsApp prior to or on the day of the auction, shall constitute the final, governing and binding documentation applicable to the auction and the sale of the property. It is each Purchaser’s sole onus and responsibility to ensure that he has received, read, understood and agreed to the final brochure and Conditions of Sale and to bid and purchase strictly in accordance therewith. Registration for the auction shall constitute deemed acceptance of the final documentation as issued.

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    Virend Deonarain
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