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Apartment
·
for sale
R 11 500 000
Commercial Property in Glenwood For Sale
Hillgrove
· Apartment
Hillgrove · Apartment
SOLE MANDATE An outstanding opportunity to acquire a high-performing residential investment comprising 27 self-contained micro apartments in one of Durban's most established rental nodes. This income-generating asset has a proven track record of high occupancy and consistently low vacancy rates, making it an excellent addition to any investment portfolio. Each apartment is designed for comfortable, independent living and features its own en-suite bathroom, private kitchenette, and prepaid electricity and prepaid water, allowing for efficient utility management and reduced operating costs. In addition to the in-room kitchenettes, the property also boasts three large communal kitchens, providing tenants with additional cooking and social spaces. These communal facilities further enhance the property's appeal, particularly if repositioned for student accommodation. The location is a key advantage, offering easy access to major transport routes, shopping centres, hospitals, business hubs,
SOLE MANDATE An outstanding opportunity to acquire a high-performing residential investment comprising 27 self-contained micro apartments in one of Durban's most established rental nodes. This income-generating asset has a proven track record of high occupancy and consistently low vacancy rates, making it an excellent addition to any investment portfolio. Each apartment is designed for comfortable, independent living and features its own en-suite bathroom, private kitchenette, and prepaid electricity and prepaid water, allowing for efficient utility management and reduced operating costs. In addition to the in-room kitchenettes, the property also boasts three large communal kitchens, providing tenants with additional cooking and social spaces. These communal facilities further enhance the property's appeal, particularly if repositioned for student accommodation. The location is a key advantage, offering easy access to major transport routes, shopping centres, hospitals, business hubs,
R 11 500 000