Trafalgar Property is proud to introduce this investment property in Durban central. Close to Mancosa, Regent Business School and other amenities. Walking distance to the Durban Esplanade and Wilsons Wharf. Priced to sell, these 19 sectional title apartments in a block of 63 units offer excellent returns. These units are in fair to renovated condition.
The portfolio consists of:
9x 42m2 bachelor flats
5x 58m2 1-bedroom flats
5x 60m2 1-bedroom flats
If these units are bought individually the bachelors are priced at R454 725 each. The one bedroom is R486 450 each. This total to almost R9million if each unit is bought individually. The seller however has agreed to accept R6.5million if one buyer takes all 19 units.
Gross rental income is R86,350 per month
Total nett income: R59,469.
Due to the units being let out, viewing by prior arrangements only.
Please note that the pictures are of different units to show the different conditions of the units.