Prime Investment Opportunity in Musgrave - Ideal Student Accommodation or Development
This well-located property in the heart of Musgrave is a rare find for investors or developers. Zoned as Special residential GR2. Currently run as a student accommodation facility, the property offers 11 bedrooms, 3 of which feature en-suite bathrooms, and a communal kitchen area. With CCTV surveillance in place, and electric fencing at the front entrance of the property, ensures added peace of mind for residents.
The property generates a potential rental income of R40 000 per month, making it a solid income-generating asset from day one.
Location is key - just a short walking Distance to Durban University of Technology (DUT), and conveniently close to public transport routes, shops, and other amenities.
An added bonus is the ample additional land space, offering huge potential for development. The land can easily accommodate a five-story apartment block, making it ideal for:
• Expanding the current student accommodation to house 90+ students.
• Developing individual residential apartments.
• A high-return project for a forward thinking developer.
Don't miss out on the opportunity to own this prime piece of real estate in one of Durban's sought after areas.
Call today to arrange a viewing and explore the full potential of this unique property.
The property generates a potential rental income of R40 000 per month, making it a solid income-generating asset from day one.
Location is key - just a short walking Distance to Durban University of Technology (DUT), and conveniently close to public transport routes, shops, and other amenities.
An added bonus is the ample additional land space, offering huge potential for development. The land can easily accommodate a five-story apartment block, making it ideal for:
• Expanding the current student accommodation to house 90+ students.
• Developing individual residential apartments.
• A high-return project for a forward thinking developer.
Don't miss out on the opportunity to own this prime piece of real estate in one of Durban's sought after areas.
Call today to arrange a viewing and explore the full potential of this unique property.
Monthly Rates
R1,680
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
Musgrave, Durban
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
