R5,500,000
R5,500,000
Monthly Bond Repayment R59,603.89
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
Monthly Rates
R10,000
R10,000
INVESTMENT PROPERTY. URGENT SALE
Situated in the quiet suburb of Seaview, lies this hidden gem. Set on 4047sq meters of land is this golden opportunity to secure a great investment.
Consisting of 14 one-bedroom flats with average rentals of R4000 per month and the main house which can easily generate a further 10000 rental income per month.
Each unit has its own prepaid electricity and water. Parking is available for all units. Remote control access, full cameras around the property, and 24-hour armed response all add to the safety of this gated property.
The main house has 3 bedrooms, 2baths. Very bright and airy. Large unused land at the back which can be further developed to create more units, Suitable for student accommodation as UKZN is around 5kms from here. Excellent returns on investment. Owner retiring. For a viewing don"t hesitate to call me
Features
Pets Allowed
Yes
Interior
Bedrooms
17
Bathrooms
17
Kitchens
15
Reception Rooms
18
Studies
1
Exterior
Garages
2
Carports / Parkings
20
Flatlet
14
Domestic Accommodation
2
Sizes
Land Size
4,047m²
Sea View, Durban
Durban at a glance
Durban, a coastal city in eastern South Africa's KwaZulu-Natal province, is known for its African, Indian and colonial influences. Refurbished for soccer's 2010 World Cup, the seafront promenade runs from uShaka Marine World, a huge theme park with an aquarium, to the futuristic Moses Mabhida Stadium and The Durban Botanical Gardens.
Durban is known for the idyllic beaches of the Golden...
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Disclaimer: While every effort will be made to ensure that the information contained within the Campbell Property Group website is accurate and up to date, Campbell Property Group 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.
