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23 The Street Promenade, Glenashley, Durban North, KwaZulu-Natal
R 13 599 000
Oceans 23 – Prime Beachfront Investment with Sea Views The Promenade plot (apartments seen in listing) may be sold SEPARATELY for 9.5 million - or sold together with the Ypsilanti Drive plot for 14 Million. An incredible opportunity awaits with Oceans 23, a well-known and active 10-unit beachfront guesthouse located directly across from Glenashley Beach. Positioned on an expansive 2024m² double plot with dual access from The Promenade and Ypsilanti Drive, this property is perfectly zoned (NSC3) for commercial use, offering the ideal setup for holiday letting, long-term rentals, or further development. Each fully furnished unit is self-contained with an open-plan lounge, kitchen, and en-suite bedroom, offering either a sea-facing balcony or direct access to the entertainment deck and pool. The property includes a welcoming reception area, spacious pool and entertainment space, 2 staff quarters, a laundry room, and plenty of secure off-road parking. The unit mix includes a combination of studio, 1-bedroom, 2-bedroom, and a 3-bedroom apartment—each with prepaid electricity meters—allowing for maximum rental flexibility and independent tenant use. Sold fully furnished, Oceans 23 is a turnkey business opportunity with a proven track record, currently operating successfully as a high-demand guesthouse. Located minutes from La Lucia Mall, Gateway Theatre of Shopping, top schools, and major routes, Oceans 23 is perfectly positioned for convenience and coastal living. Whether you’re looking to continue operating as a profitable hospitality venture or exploring residential conversion or redevelopment, this rare beachfront investment offers long-term value, versatility, and unbeatable lifestyle appeal.
Estimated monthly repayment
R 128 419
on a R 12 239 100 bond over 20 years at 11.25%
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23 The Street Promenade, Glenashley, Durban North, KwaZulu-Natal
Listed by
Refilwe Mabunda
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