Building Block For Sale

Positioned in the heart of a highly sought after rental precinct, this exceptional income generating property offers strong returns and consistent tenant demand

The location is particularly attractive to engineers working in Bayhead, doctors and healthcare professionals, student doctors, working professionals, and UKZN students

The freehold block comprises four levels (no lift), with the lower basement level enjoying its own private entrance

The accommodation mix is well suited to a diverse rental market and includes:

4 x 3 bedroom apartments, each with 2 bathrooms, including a main en-suite

2 x 2 bedroom apartments, each with 2 bathrooms, including a main en-suite

1 x 2bedroom apartment with 1 bathroom

1 x 1 bedroom apartment

1 x studio apartment

3 x staff quarters

Additional features include:

* Aluminium-framed windows throughout

* Individual prepaid electricity meters installed in every unit

* Separate water meters for each unit, with easy conversion to prepaid systems

No levies, as the property is a freehold block

Current Gross Rental Income R58,100 per month

This is a rare opportunity for investors seeking a well positioned asset with multiple income streams, low overheads, and excellent growth potential

Rates: R2 300

Snap up this superb investment opportunity

Positioned close to schools, shopping centers and shops, public transport and King Edward Medical school and hospital