5 Tenanted flats for sale in Glenwood

R2,750,000.00

Glenwood, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4324
Asking Price : R2,750,000.00
Bedrooms : 5.0
Bathrooms : 5.0
Ownership : Freehold
Land Size : 783m²
Parking : Yes


Description

This extremely well located property consists of 5 tenanted flats all on ground level in the heart of glenwood directly opposite davenport square surronded by several amenities and schools in the area,this is prime location as the area is growing in demand by the day.
This Granny flats are all currently tenanted out with long term leases in place.
All units consist of
>BIC in kitchen and bedroom areas respectively.
>Prepaid electricity in all units.
>up to 8 parking bays on property
This property would be ideal for an investor looking to get value for his money as Property has recieved approval to demolish everything and build a block of 14 flats.
Student accommodation has become big in the area and is growing increasingly by the day it would be an option.
Property netting R21,000 per month
Rates coming up in and around R1,150 per month.
To discuss further contact Darren on 060 503 3575

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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