Building Block For Sale
Positioned in the heart of a highly sought after rental precinct, this exceptional income generating property offers strong returns and consistent tenant demand
The location is particularly attractive to engineers working in Bayhead, doctors and healthcare professionals, student doctors, working professionals, and UKZN students
The freehold block comprises four levels (no lift), with the lower basement level enjoying its own private entrance
The accommodation mix is well suited to a diverse rental market and includes:
4 x 3 bedroom apartments, each with 2 bathrooms, including a main en-suite
2 x 2 bedroom apartments, each with 2 bathrooms, including a main en-suite
1 x 2bedroom apartment with 1 bathroom
1 x 1 bedroom apartment
1 x studio apartment
3 x staff quarters
Additional features include:
* Aluminium-framed windows throughout
* Individual prepaid electricity meters installed in every unit
* Separate water meters for each unit, with easy conversion to prepaid systems
No levies, as the property is a freehold block
Current Gross Rental Income R58,100 per month
This is a rare opportunity for investors seeking a well positioned asset with multiple income streams, low overheads, and excellent growth potential
Rates: R2 300
Snap up this superb investment opportunity
Positioned close to schools, shopping centers and shops, public transport and King Edward Medical school and hospital
The location is particularly attractive to engineers working in Bayhead, doctors and healthcare professionals, student doctors, working professionals, and UKZN students
The freehold block comprises four levels (no lift), with the lower basement level enjoying its own private entrance
The accommodation mix is well suited to a diverse rental market and includes:
4 x 3 bedroom apartments, each with 2 bathrooms, including a main en-suite
2 x 2 bedroom apartments, each with 2 bathrooms, including a main en-suite
1 x 2bedroom apartment with 1 bathroom
1 x 1 bedroom apartment
1 x studio apartment
3 x staff quarters
Additional features include:
* Aluminium-framed windows throughout
* Individual prepaid electricity meters installed in every unit
* Separate water meters for each unit, with easy conversion to prepaid systems
No levies, as the property is a freehold block
Current Gross Rental Income R58,100 per month
This is a rare opportunity for investors seeking a well positioned asset with multiple income streams, low overheads, and excellent growth potential
Rates: R2 300
Snap up this superb investment opportunity
Positioned close to schools, shopping centers and shops, public transport and King Edward Medical school and hospital
Monthly Rates
R2,200
Features
Interior
Exterior
Sizes
Listing Info
Umbilo, Durban
- Street map
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
