Residential Portfolio Disposal for Sale

R2,200,000.00

Durban CBD, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP6165
Asking Price : R2,200,000.00
Bedrooms : 1.0
Bathrooms : 1.0
Ownership : S/Title
Levy : R1,200.00
Building Size : 430m²


Description

Available for sale is this Residential Portfolio consisting of Eleven ( 11 ) sectional title bachelor and 1 bedroom units in the heart of the Durban CBD.

Surrounded by several amenities such as schools , grocery stores , hospitals and take away outlets ,these units offer a great opportunity for an investor to either start his or her own property portfolio or add to an existing one.

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

Eight ( 8 ) out of the eleven ( 11 ) units are currently tenanted out, with the yield currently at 8% but could rise to 10% and higher with the rest of the vacant units tenanted out and a light refurbishment done in some of the units.


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

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Contact the Agent

Darren Pullen » ++27 73 170 7882
[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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