Parlock, Durban, KwaZulu Natal
R 2,500,000
10 Beds | 6 Baths | 636 m² Land
Group of Mini Investment Opportunity with Immediate Income Potential
Create your own property investment partnership with a GROUP OF TRUSTED INVESTORS WITH A DREAM and start YOUR earning WITH real returns from day one.
This three-level income-generating property offers an excellent opportunity for investors seeking established rental income and future growth. The building comprises five existing rental apartments, with approximately 90% occupancy already in place, providing immediate cash flow. An additional unit is nearing completion, creating the potential for even greater rental returns once occupied.
The apartments range from one to three bedrooms, offering a versatile tenant mix and multiple income streams from a single property.
Adding further value to this investment is an existing leased billboard situated on the property. The current lease presents an additional source of income, with the opportunity for the new owner to renew the agreement with the advertising company.
Whether you are looking to expand your property portfolio or establish a shared investment venture, this property combines rental income, future growth potential, and diversified revenue streams in one compelling package.
For detailed information regarding the current rental income and tenancy arrangements, contact Rafeek Adam.
Phone Rafeek Adam today to secure this exceptional investment opportunity with the potential to significantly increase its value over the coming years.
Key Details
Reference LFPE-17945
Listing type Sale
Property type House
Listing zone Residential
Suburb Parlock
City Durban
Province KwaZulu Natal
Rates R 1,021
Property Details
Bedrooms 10
Bathrooms 6
Open parking 6
Land size 636 m²
Fence Yes
Garden Yes
Balcony Yes
Kitchen Yes
Lounges 5
Storeys 2
En-suite bathrooms 1
Flatlets 5
Access gate Yes
Scenic View Yes
Dining areas 3
Boundary Wall Yes
Built-in cupboards Yes
Finance
Bond Calculator
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