ref # 2209

R 29 000 000

select a 2nd currency

mortgage calculator

± 4469m2

Property Features
Access Gate

FULLY tenanted Prime Residential Property

FULLY TENANTED Prime Residential Property in South Beach, Durban, WITH Amazing Student Accommodation Conversion Opportunity!!!


The property, with sea views, boasts 86 residential units as well as 230sq of newly renovated retail space. With a gross monthly rental of R437 374 (or R413 989 with a 5% vacancy allowance) and 7% escalations being achieved, this brilliant asset is not to be missed!

This property has also been earmarked as a prime student residential conversion opportunity! Easy conversion and ideally located. The seller is happy to assist with the conversion process and student management if required.

Located on a busy street with high foot traffic and close to great amenities such as the Wheel Shopping Centre.

The residential and retail components are comprised of the following:
43 smaller 1 bed units
43 larger 1 bed units
1 retail unit

GLA: 4 469
Price: R29 000 000 or nearest offer!

  • 43 smaller 1 bed units
  • 43 larger 1 bed units
  • 1 retail unit

Message Agent