R 3 750 000 | building property for sale in essenwood

INVESTMENT OPPORTUNITY WITH DIVERSE DEVELOPMENT OPTIONS This unique property offers an excellent investment opportunity, boasting dual road frontages between 11th Avenue and Problem Mkhize Road (formerly Cowey Road). Situated on a 999m² land extent, the property currently comprises a main dwelling, spacious outbuilding and double garage, providing several possibilities for an investor, developer or owner-occupier. The main house faces Problem Mkhize Road, with a garden and staircase leading up to the residence. The property is presently being utilised as accommodation but offers the flexibility to be transformed into a beautiful family home, professional offices or another suitable use, subject to the necessary approvals. Between the main house and the outbuilding, towards the 11th Avenue frontage, is a non-functional swimming pool. This could be restored and incorporated into an entertainment area or closed off to create additional usable space, depending on the purchaser's requirements. The spacious outbuilding further enhances the property's potential and comprises a large room, lounge, kitchen and bathroom. Together with the existing double garage and generous land size, this provides ample scope for refurbishment, rental accommodation or redevelopment. Importantly, the property is zoned Medium Density Housing, making it particularly attractive to developers looking to unlock the development potential of this well-positioned site. KEY FEATURES 999m² land extent Dual road frontage 11th Avenue and Problem Mkhize Road (Cowey Road) Main dwelling Spacious outbuilding Large room, lounge, kitchen and bathroom Double garage Existing swimming pool Currently utilised as accommodation Potential for residential or office conversion Medium Density Housing zoning Excellent development potential Ideal for investors and developers A property offering multiple options — renovate, repurpose, generate rental income or redevelop. This is an opportunity not to be missed.