Description
Auction Information:
- Property Type: Student Accommodation / Residential Development Opportunity
- Sub-Type: Full Title
- Erf Size: 3 502m²
- Existing Floor Size: Approximately 729m²
- Reason for Sale: Urgent Disposal
Key Development Features:
- Approved zoning for 35 residential units
- Proposed development concept comprising 30 boutique studio apartments
- Proposed studio size of approximately 30m² each
- Medium Density Housing zoning
- Multiple-unit residential development supported by the zoning framework
- Student residence contemplated as a Special Consent use
- Approximately 2–3 minutes from University of KwaZulu-Natal
- Approximately 5 minutes from UKZN Medical School
- Approximately 8–10 minutes from Durban University of Technology
- Approximately 2 minutes from Life Entabeni Hospital and 5 minutes from Netcare St Augustine’s Hospital
- Approximately 4 minutes from Musgrave Centre and 8 minutes from Durban CBD
- Elevated position with panoramic harbour, city and Indian Ocean views
- Existing heritage residence and six additional outbuildings
- Large 3 502m² full-title development site
Property Description:
A strategically positioned student accommodation development opportunity in the heart of Durban’s established education and healthcare precinct. Set on a substantial 3 502m² full-title site, the property offers developers and investors the opportunity to reposition a landmark Durban property into a premium private student living scheme.
The site benefits from approved zoning for 35 residential units, while the current development concept proposes 30 boutique studio apartments of approximately 30m² each. Its location is a major advantage: UKZN Howard College is approximately 2–3 minutes away, the UKZN Medical School approximately 5 minutes away, and Durban University of Technology approximately 8–10 minutes away. Life Entabeni Hospital, Netcare St Augustine’s Hospital, Musgrave Centre, Durban CBD and the beachfront are also within easy reach.
The student accommodation investment case is supported by a substantial tertiary education catchment. UKZN recorded approximately 326 546 individual applications for 2026 admission, competing for approximately 9 124 first-year undergraduate places, while university residence applications do not guarantee placement. UKZN’s Project Renewal also targets continued enrolment growth through 2030, further strengthening the longer-term private accommodation demand story.
Boutique Student Living Concept:
The proposed scheme is designed as a premium boutique student living destination rather than conventional high-density student housing. The concept incorporates a rooftop padel court, wellness and yoga area, co-working space, communal coffee shop, restaurant, outdoor dining and seating areas, landscaped gardens, panoramic harbour views and 24/7 security. The proposed four-level stepped hillside design is intended to take advantage of the site’s elevated position and views.
Existing Improvements:
The property currently accommodates a distinctive 1934 heritage residence of approximately 729m², offering five bedrooms, four bathrooms, substantial living and entertainment areas, a study, swimming pool, established gardens, double garage and additional parking. Six outbuildings provide further accommodation, staff facilities, storage and ancillary space.
The Investment Opportunity:
This is fundamentally a student accommodation development opportunity: a substantial 3 502m² site with approved residential density, an established university catchment, strong underlying private student housing demand and the potential for a differentiated premium offering. The combination of location, zoning, scale and existing improvements creates a compelling opportunity for a developer, investor or student accommodation operator.
🔥 Urgent disposal. Opening bid R 3 000 000.
Auction Information:
- Property Type: Student Accommodation / Residential Development Opportunity
- Sub-Type: Full Title
- Erf Size: 3 502m²
- Existing Floor Size: Approximately 729m²
- Reason for Sale: Urgent Disposal
Key Development Features:
- Approved zoning for 35 residential units
- Proposed development concept comprising 30 boutique studio apartments
- Proposed studio size of approximately 30m² each
- Medium Density Housing zoning
- Multiple-unit residential development supported by the zoning framework
- Student residence contemplated as a Special Consent use
- Approximately 2–3 minutes from University of KwaZulu-Natal
- Approximately 5 minutes from UKZN Medical School
- Approximately 8–10 minutes from Durban University of Technology
- Approximately 2 minutes from Life Entabeni Hospital and 5 minutes from Netcare St Augustine’s Hospital
- Approximately 4 minutes from Musgrave Centre and 8 minutes from Durban CBD
- Elevated position with panoramic harbour, city and Indian Ocean views
- Existing heritage residence and six additional outbuildings
- Large 3 502m² full-title development site
Property Description:
A strategically positioned student accommodation development opportunity in the heart of Durban’s established education and healthcare precinct. Set on a substantial 3 502m² full-title site, the property offers developers and investors the opportunity to reposition a landmark Durban property into a premium private student living scheme.
The site benefits from approved zoning for 35 residential units, while the current development concept proposes 30 boutique studio apartments of approximately 30m² each. Its location is a major advantage: UKZN Howard College is approximately 2–3 minutes away, the UKZN Medical School approximately 5 minutes away, and Durban University of Technology approximately 8–10 minutes away. Life Entabeni Hospital, Netcare St Augustine’s Hospital, Musgrave Centre, Durban CBD and the beachfront are also within easy reach.
The student accommodation investment case is supported by a substantial tertiary education catchment. UKZN recorded approximately 326 546 individual applications for 2026 admission, competing for approximately 9 124 first-year undergraduate places, while university residence applications do not guarantee placement. UKZN’s Project Renewal also targets continued enrolment growth through 2030, further strengthening the longer-term private accommodation demand story.
Boutique Student Living Concept:
The proposed scheme is designed as a premium boutique student living destination rather than conventional high-density student housing. The concept incorporates a rooftop padel court, wellness and yoga area, co-working space, communal coffee shop, restaurant, outdoor dining and seating areas, landscaped gardens, panoramic harbour views and 24/7 security. The proposed four-level stepped hillside design is intended to take advantage of the site’s elevated position and views.
Existing Improvements:
The property currently accommodates a distinctive 1934 heritage residence of approximately 729m², offering five bedrooms, four bathrooms, substantial living and entertainment areas, a study, swimming pool, established gardens, double garage and additional parking. Six outbuildings provide further accommodation, staff facilities, storage and ancillary space.
The Investment Opportunity:
This is fundamentally a student accommodation development opportunity: a substantial 3 502m² site with approved residential density, an established university catchment, strong underlying private student housing demand and the potential for a differentiated premium offering. The combination of location, zoning, scale and existing improvements creates a compelling opportunity for a developer, investor or student accommodation operator.
🔥 Urgent disposal. Opening bid R 3 000 000.
