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R 8 900 000

30 Bedroom Apartment / Flat for Sale in South Beach

South Beach, Durban

Contact agent for street address

30
18
1 392 m²

Contact Agent

Avin Dowley

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Income generating property

This 4 level building is situated just down the road from the beach.

Tourist location, possible for a boutique hotel, student accomodation, lodge,

Ground floor commercial space, perfect for a car showroom, or chain store supermarket or anything to suit your requirements

The building consists of 30 rooms / Ten flatlets per floor. Currently being run as daily accomodation, No long leases in place as the building is on sale. PREPAID WATER AND ELECTRICITY INSTALLED, Finger print ID , turnstyle gates at entry point.

The roof is slabbed therefore possible to put up another level. The site is zoned for 11 stories, so future value is good as land is a premium in this location

THIS PROPERTY AS IS CAN GENERATE GROSS TURNOVER BETWEEN 70k to 120k pm as is. Current expenses include, Security, Supervisor, rates and maintenance.

Seller very negotiable, says bring offers

Bedrooms: 30

Bathrooms: 18

Listing number: P24-112780099, Image number: 1

Listing number: P24-112780099, Image number: 2

Listing number: P24-112780099, Image number: 3

Listing number: P24-112780099, Image number: 4

Listing number: P24-112780099, Image number: 5

Listing number: P24-112780099, Image number: 6

Listing number: P24-112780099, Image number: 7

Listing number: P24-112780099, Image number: 8

Listing number: P24-112780099, Image number: 9

Property Overview

Listing Number

112780099

Type of Property

Apartment / Flat

Listing Date

13 June 2023

Erf Size

348 m²

Floor Size

1392 m²

Price per m²

R 6 394

Rates and Taxes

R 20 000

Rooms

Bedrooms

tiled floors

Bathrooms

shower, toilet

Reception Rooms

Points of Interest

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