R6,500,000

19 bedroom apartment for sale in Durban Central

Investors! Investors! Investors!

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

Levies R22,674

Rates R4,207

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.

Property Type
Apartment
Bedrooms
19
Bathrooms
19
Stand Size
60m²
Building Size
60m²
Rates & Taxes
R4,210
Levy
R22,675
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apartment listed on 07 Sep 2021