Property description

An outstanding opportunity to acquire a high-performing residential investment comprising 27 self-contained micro apartments in one of Durban's most established rental nodes. This income-generating asset has a proven track record of high occupancy and consistently low vacancy rates, making it an excellent addition to any investment portfolio.

Each apartment is designed for comfortable, independent living and features its own en-suite bathroom, private kitchenette, and prepaid electricity and prepaid water, allowing for efficient utility management and reduced operating costs.

In addition to the in-room kitchenettes, the property also boasts three large communal kitchens, providing tenants with additional cooking and social spaces. These communal facilities further enhance the property's appeal, particularly if repositioned for student accommodation.

The location is a key advantage, offering easy access to major transport routes, shopping centres, hospitals, business hubs, and leading educational institutions, ensuring a steady demand for accommodation throughout the year.

For investors looking to maximise returns, the building presents an exciting opportunity to reposition as student accommodation. With its proximity to tertiary institutions, practical layout, and communal facilities already in place, there is excellent potential to increase occupancy and further enhance rental yields.

Investment Highlights

-27 self-contained micro apartments

En-suite bathroom and private kitchenette in every unit

-Three large communal kitchens.

-Prepaid electricity and prepaid water throughout.

-Proven high occupancy with low vacancy rates

-Strong, consistent rental income.

Close to universities, colleges, shopping centres, hospitals, and major transport routes

Excellent opportunity to increase yields through student accommodation.

-Well-positioned, income-producing asset with long-term growth potential.