Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.

R 6 500 000

Commercial Property for Sale in Morningside

Morningside, Durban

Contact broker for street address

537 m²
- m²: 537 m²
- Hectares: 0.054 ha
- Acres: 0.133 acres

Contact Broker

Siphosethu Myende

Show Contact Number

Building For Sale - NO Transfer Duty Payable

Have you ever wanted to own your own building?

Soukop Property Group presents this amazing opportunity to purchase this 6 Unit apartment block at +-90m2 per Unit.

For the first time in 30 years this building is available on the market.

Currently at 100% occupation monthly turnover is +-R54 000pm. With only one unit to be vacated by 1 March 2025.

This building is the perfect opportunity to achieve high yields and with an intelligent renovation you could maximise profits by designing an AirBnb Building. Current Airbnb daily rates are R 1400per day for a 2 bedroom.

This building is currently divided as follows:-

UNIT 1:

• R700 per day (Sub-lease - Month to Month)

• Water Paid by Participation Quota

• Electricity Pre-paid

• 2 Bedroom (Converted Lounge to 3rd Bedroom)

• Kitchen

• Dining Room

• 1 Bathroom, Separate toilet

• 2 Secure parking...

Have you ever wanted to own your own building?

Soukop Property Group presents this amazing opportunity to purchase this 6 Unit apartment block at +-90m2 per Unit.

For the first time in 30 years this building is available on the market.

Currently at 100% occupation monthly turnover is +-R54 000pm. With only one unit to be vacated by 1 March 2025.

This building is currently divided as follows:-

UNIT 1:

• R700 per day (Sub-lease - Month to Month)

• Water Paid by Participation Quota

• Electricity Pre-paid

• 2 Bedroom (Converted Lounge to 3rd Bedroom)

• Kitchen

• Dining Room

• 1 Bathroom, Separate toilet

• 2 Secure parking spaces

UNIT 2:

• R700 per day (Sub-lease - Month to Month)

• Water Paid by Participation Quota

• Electricity Pre-paid

• 2 Bedroom (Converted Lounge to 3rd Bedroom)

• Kitchen

• Dining Room

• 1 Bathroom, Separate toilet

• 2 Secure parking spaces

UNIT 3:

• R700 per day (Sub-lease - Month to Month)

• Water Paid by Participation Quota

• Electricity Pre-paid

• 2 Bedroom (Converted Lounge to 3rd Bedroom)

• Kitchen

• Dining Room

• 1 Bathroom, Separate toilet

• 1 Garage Automated

UNIT 4:

• R9 000 per month (1 Year lease - Initiated Feb 2025)

• Water Paid by Participation Quota

• Electricity Pre-paid

• 2 Bedroom (Converted Lounge to 3rd Bedroom)

• Kitchen

• Dining Room

• 1 Bathroom, Separate toilet

• 1 Garage Roll-up

UNIT 5:

• R9 000 per month (1 Year lease - Initiated Feb 2025)

• Water Paid by Participation Quota

• Electricity Pre-paid

• 2 Bedroom (Converted Lounge to 3rd Bedroom)

• Kitchen

• Dining Room

• 1 Bathroom, Separate toilet

• 2 Secure parking spaces

UNIT 6:

• R9 000 per month (1 Year lease - Expiring 28 Feb 2025)

• Water Paid by Participation Quota

• Electricity Pre-paid

• 2 Bedroom (Converted Lounge to 3rd Bedroom)

• Kitchen

• Dining Room

• 1 Bathroom, Separate toilet

• 2 Secure parking spaces

Don’t miss out! Make contact to book your exclusive viewing.

Listing number: P24-115600312, Image number: 1

Listing number: P24-115600312, Image number: 2

Listing number: P24-115600312, Image number: 3

Listing number: P24-115600312, Image number: 4

Listing number: P24-115600312, Image number: 5

Listing number: P24-115600312, Image number: 6

Listing number: P24-115600312, Image number: 7

Listing number: P24-115600312, Image number: 8

Listing number: P24-115600312, Image number: 9

Property Overview

Listing Number

115600312

Type of Property

Commercial Property

Listing Date

18 February 2025

Erf Size

537 m²

Rates and Taxes

R 3 124

Facilities

Bedrooms

12 x built-in cupboards, 19 x curtain rails, 19 x parquet floors

Bathrooms

6 x shower, 6 x toilets, 6 x basins

Kitchens

6 x fridges, 6 x oven & Hobs

External Features

Parking

2 x garages (1 x electric door & 1 x Roll up do...

Other Features

Security

Totally Fenced, Electric Garage, Electric Gate, 24 Hour Access

Wheelchair Accessible

Yes

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.