ON AUCTION - 133-137 PENZANCE ROAD, GLENWOOD (KNOWN AS MACKAYA BELLA GUEST HOUSE) COMMERCIAL PROPERTY AUCTION IN DURBAN, KWAZULU-NATAL AUCTIONED BY IN2ASSETS PROPERTY SPECIALISTS

A 4-star, modern and environmentally friendly guest house located in Glenwood, Durban, overlooking a tranquil park, the guest house provides comfortable rooms and an indigenous garden. Local and international guests, business people, tourists, academics and visitors accommodate this property. The

reputable house has earned a Distinction for Green Grading (Environmentally Friendly) and is currently ranked 3rd out of 329 accommodation establishments and 3rd out of 102 guest houses in Durban, by Trip Advisor. The regular loyal guests with a retention rate of over 75%.

On sale by Auction are two adjoining houses with separate ERF’s. The main guest house at 137 Penzanze Road comprises of 6 modern bedrooms with ensuites (all with amenities required for 4 star grading), a kitchen and dining area with outdoor veranda, plus a staff room. It is on two levels with secure car parking at the back and another small building housing a fully functional laundry as well as a smaller, budget guest room with ensuite & kitchenette.

The second property is currently being used as the owners’ residence upstairs and downstairs has an office (with toilet & shower) and a large, self catering guest family room. There is also an outdoor pool, double garage and another smaller budget guest room with ensuite. The upstairs has wooden floors throughout, 3 good sized bedrooms, one with ensuite, plus a separate bathroom/toilet. There is also a large lounge area, gas fitted kitchen with scullery which opens onto an upper deck overlooking a park. This house also has its own entrance and driveway.

Beautiful, low maintenance indigenous gardens with concealed JOJO tanks, provide a quiet and private environment. Security features include CCTV cameras and electric fencing. 2 x Solar heating on roof & 1 x electric geyser.

The property is situated, within the pre-dominantly residential node of Glenwood.

Glenwood is a well-established residential suburb, located approximately 6km South West of the Durban Central Business District. Penzance Road is a quiet residential area which is essentially a middle-income suburb that has consistently offered homeowners good value for money.

The immediate neighbourhood comprises a combination of free-standing residential dwellings and sectional units. Glenwood borders onto the University of Natal and is set above the suburb of Umbilo. Penzance Road is well accessed from a number of arterial roads including Z K Matthews & Lena Ahrens Road.

All amenities, including St Augustine Hospital, King Edward VIII Hospital and the University of Natal are located within close proximity of the subject property. There are many schooling facilities within the area, which include Durban Girls High School opposite the property and Glenwood High School nearby.

4 Star Guest House In Glenwood. 133-137 Penzance Road, Glenwood (known as Mackaya Bella Guest House)

Combined Site Extent: ± 1 430 m² | 9 Ensuite bedrooms, lounge area, dining area, laundry, pool, ample onsite parking | Sold with only movable assets to continue operating the Guest House | 4 Star-graded guest house – upmarket & well maintained | Green graded with a distinction – Trip Advisor has rated the property 3rd out of 102 Guest Houses in Durban | Opposite Durban Girls High School and within walking distance to UKZN