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R 29 500 000

Commercial Property for Sale in South Beach

23drlangalibaleledubestreet,, South Beach, Durban

532 m²
- m²: 532 m²
- Hectares: 0.053 ha
- Acres: 0.131 acres

Contact Brokers

Pragasen Nadarajan - Durban Central

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ASHWIN ROOPNARIAN

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Exceptional Student Accommodation Investment Opportunity in Durban CBD

We present a rare and lucrative package deal for two separate buildings, perfectly positioned in the heart of Durban's Central Business District. This thriving student accommodation complex offers a unique chance to capitalize on the growing demand for student housing.

Key Highlights:

- Net profit of R450,000 per month

- Secure contract with UKZN in place until 2027, ensuring a stable income stream

- Two separate buildings, providing a diverse range of accommodation options

- Well-managed, clean, and neat facilities, ensuring a high standard of living for students

- Seller's own transport service for students, adding value and convenience

Investment Benefits:

- Strong demand for student accommodation in Durban CBD

- Potential for long-term capital appreciation

- Opportunity to...

Listing number: P24-114767757, Image number: 1

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Listing number: P24-114767757, Image number: 6

Listing number: P24-114767757, Image number: 7

Listing number: P24-114767757, Image number: 8

Listing number: P24-114767757, Image number: 9

Property Overview

Listing Number

114767757

Type of Property

Commercial Property

Street Address

23DrLangalibaleleDubeStreet,, South Beach

Listing Date

07 August 2024

Net Price

R 29 500 000

Availability Date

01 September 2024

Erf Size

532 m²

Rates and Taxes

R 8 309

Zoning

General Residential

Facilities

Bedrooms

Built-in Cupboards, Single Bedroom

Bathrooms

Communal bathrooms, In unit bathrooms

Kitchens

Building

Green Building

Yes

Building Grading

A Grade

Multi Tenanted

Yes

Standalone Building

Yes

Other Features

Security

24 hour

24 Hour Access, Safe

Nearby Public Transport

Bus, Minibus Taxi

Internet Access

Fibre

Wheelchair Accessible

Generator

Backup Water

Points of Interest

Bond Calculator

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