Fully tenanted freestanding property with an outside building and parking.
Property approved for multi level high density.
Great starting point for an entry level investor. No vacancies in the 5 years the seller has had this property.
7 units with the following rental income.
Unit A - R3200 B - R3500 C - R3200 D - R3500 E - R4000 F - R5000 ( laundry) G - R5000 ( outbuilding)
Total- R27 400 p.m Rates R1968 p.m
The return is strong enough to cover your investment and the rates and taxes. All units are 1 bedroom studios(as generous as 1 bedrooms) with it's own separate shower and toilets. Situated close to Umbilo police station, Glenwood bakery, creches, place of worship, good schools and Howard college.
Don't hesitate to call me for more information and to setup a viewing.
Focusing on the south basin ( Jacobs, Mobeni and Clairwood) and central Umbilo/ Congella
Durban is a vibrant and cosmopolitan city that embraces a unique blend of cultures, stunning beaches, and a warm tropical climate. As the largest city in the province of KwaZulu-Natal, Durban has grown into a bustling metropolis known for its rich history, diverse population, and an array of attractions that cater to both locals and tourists. With its welcoming spirit, laid-back lifestyle, and abundance of...
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