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POA | 3,973m² Investment For Sale in Essenwood

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Prime Consolidated Development Opportunity – Essenwood, Durban

Prime Consolidated Development Opportunity – Essenwood, Durban

An exceptional opportunity to acquire a strategically located, fully consolidated residential development site in the heart of Essenwood, Durban, comprising four contiguous freehold properties situated at:

213 Problem Mkhize Road
217 Problem Mkhize Road (24 11th Avenue)
221 Problem Mkhize Road
225 Problem Mkhize Road

Collectively, the properties form a rare, continuous and well-configured landholding with a combined site area of approximately 3,973 m², offering scale, frontage and development flexibility seldom available within this established urban node.

Exceptional Location & Node Strength

The site is ideally positioned within the Durban Berea / Essenwood–Morningside precinct, benefiting from:
Close proximity to Florida Road, Durban’s premier lifestyle, dining and entertainment strip
Immediate access to restaurants, cafés, boutique retail and convenience amenities
Nearby neighbourhood retail including Windermere Centre and Cowey Centre
Easy connectivity to major arterial routes linking the Durban CBD, Umhlanga and surrounding suburbs
Proximity to schools, medical facilities and established residential suburbs such as Morningside and Musgrave
This sought-after location continues to attract strong owner-occupier and tenant demand, reinforcing its long-term residential and investment appeal.

Zoning & Development Potential

Zoning: Medium Density Residential
Total Consolidated Site Area: ± 3,973 m²

Indicative Development Potential:
Potential to develop approximately 39 residential units, subject to final design, municipal approvals and consents
The broader Durban Berea planning framework actively supports densification and urban infill development, aligning the site with current and future municipal planning objectives.

Surrounding Development Context

The immediate surrounds are characterised by:
Established and modern medium- to high-density residential apartment developments
A proven and active residential rental market
Strong lifestyle appeal driven by walkability to Florida Road and surrounding amenities
A substantial apartment development located directly opposite the site further reinforces the highest and best use of the properties as a medium- to higher-density residential scheme.

Investment & Development Rationale

This opportunity is well suited to:
Residential and apartment developers
Investors seeking scalable urban infill opportunities
Developers targeting lifestyle-driven rental or owner-occupier markets

Key value drivers include:
Rare consolidation of four adjoining freehold erven
Scale sufficient to support a meaningful residential yield
Sought-after Essenwood / Florida Road node
Supportive zoning and planning framework
Strong residential demand fundamentals and long-term capital growth prospects

Summary
A highly compelling residential development opportunity in one of Durban’s most established and desirable inner-city lifestyle precincts, offering scale, location, planning alignment and upside.

Opportunities where four adjoining freehold properties can be acquired as a single consolidated development site, within close proximity to key retail amenities, are increasingly scarce and seldom brought to market.

Features

0
Zoning
Mixed Use
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
3,973m²
Land Size
3,973m²
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-29.836934, 31.01148929999999
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