Residential Portfolio Disposal

R3,500,000.00

Durban CBD, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP5239
Asking Price : R3,500,000.00
Bathrooms : 1.0
Ownership : S/Title


Description

DECEASED ESTATE!


16 Residential sectional title units for sale in the Durban CBD.

All surrounded by several amenities such as schools , grocery stores , hospitals and take ways outlets , these units offer a great opportunity for an investor to either start his or her's own Property portfolio or add to an existing one.


All units are managed by an agency with full leases in place as 13 of the 16 units are tenanted out with only 3 currently vacant.


The Durban CBD is continuously growing in demand as the tenant rate is high as many individuals require central living to get from point A to B as public transport is the main use of transportation for several.



The Portfolio nets R 329,300,00 annually after expenses and currently is at a yield of 9,4% with potential to rise as high as 10% when all units are let.



To arrange a private viewing or discuss further contact Darren on 073 170 7882 or email [email protected]



Disclaimer : Rental proceeds do fluctuate and all leases can be made available on request.

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Contact the Agent

Darren Pullen » +27 60 503 3575
[email protected]

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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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