Commercial space in Musgrave

Investment Property Opportunity. Investors seeking a valuable addition to their portfolio will find this modern apartment building an attractive proposition. With its prime location in a sought-after area, the property promises capital appreciation and a robust rental yield, making it a smart choice for long-term wealth accumulation. The building''s contemporary design and low-maintenance features ensure that it remains cost-effective and appealing to tenants. This is an opportunity to invest in a property that not only meets but exceeds the criteria for a sound investment with promising financial prospects.

Conveniently positioned in Musgrave, which Musgrave, a suburb of Durban, South Africa, is renowned for its central location and the convenience it offers to residents. The area provides easy access to major highways, facilitating swift travel in and out of the city. It is also well-served by a variety of eateries and shopping centres, including the Musgrave Centre, The Atrium, and Windermere Centre. The presence of esteemed educational institutions such as Maris Stella, Tree Tops School, and Durban High School adds to the appeal of the area, making it an ideal location for families. The blend of accessibility, amenities, and quality schooling underscores Musgrave''s reputation as a desirable place to live.

This property consists of a Kone elevator, Guard house, Electric fence, Prepaid electricity and prepaid water.

* 3 x 2 bedroom with garden units on the first floor (90 m2)

- 2 bedrooms (main en-suite)

- bathroom

- open plan kitchen/lounge/dining room

- 1 parking bay

- garden area = (40 m2)

6 x 2 bedroom units (90 m2)

- 2 bedrooms (main en-suite)

- bathroom

- open plan kitchen/lounge/dining room

- 1 parking bay

The 9 units are identical the only difference is the 3 units on the 1st floor with garden.

* 2 x double storey 3 bedroom penthouses bare-shell (includes plumbing, electrical, air-conditioning) giving the investor/buyer options to explore interior design opportunities.

- living area = 242 m2 (121 m2 per floor)

- 3 bedrooms on lower level (main en-suite)

- common bathroom for 2nd & 3rd bedroom

- open plan kitchen/lounge/dining room on upper level

- guest toilet

- 2 parking bays

These unit may be sold individually if investor/buyer wishes to do so as the property is registered for sectional title.

Property is suitable for short-term & long term rental

Add this property to short term rental platforms such as Airbnb, Expedia, Agoda and more with estimated monthly income of +R164 000pm (Figure based on Airbnb Estimates).

long term rental estimation of R192 000pm.

You may also opt to use some units for short term rentals and some for long term.

We can advise and assist in managing the property.

Additional:

there is an option to acquire shares on this property or other various properties on the market as collective investment group.

Contact us for more information. Viewing by appointment.