Thu, 22 October 2026 at 11:00

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

302 & 304 Sphiwe Zuma Avenue, Glenmore, Durban, Berea, Berea, KwaZulu-Natal

Est. opening bidEst. for members

Market price · profitMembers only

Combined Site Extent: ± 1 392 m² | GBA: ± 690 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 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 PotentialSee this lot on In2Assets — photos, legal pack and registration →

The property

Type: Commercial
Rooms: 3 bedroom · 2 garage
Extent: 1 392 m²

The sale

Auction house: In2Assets
Format: Live auction
Venue: Mount Edgecombe Country Club

Market price & sales history

What is it worth?Members see the similar-size properties for sale in Berea, the market price they give this one, the profit at the est. opening bid, and the area’s Deeds Office sales by year.

Lot details are taken from In2Assets’s website and change often; sales may be postponed, withdrawn or sold beforehand. Confirm with the auction house and read its conditions of sale before you bid. Market prices are estimates from asking prices of similar properties for sale.