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R 29 500 000

Commercial Property for Sale in South Beach

23drlangalibaleledubestreet, , South Beach, Durban

Erf Size 532 m²
Exceptional Student Accommodation Investment Opportunity in Durban CBD
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 Read more...
Listing Number
114767757
Type of Property
Commercial Property
Street Address
23DrLangalibaleleDubeStreet,, South Beach
List 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
Bedroom
74
Bathrooms
21,Communal bathrooms, In unit bathrooms
Kitchens
13
Green Building
Yes
Building Grading
A Grade
Multi Tenanted
Yes
Standalone Building
Yes
Security
1
Nearby Public Transport
Bus, Minibus Taxi
Internet Access
Fibre
Wheelchair Accessible
No
Generator
No
Backup Water
No

Education

Gem Ntshebe Lp
0.94km
Shayina H
0.94km
Siyathuthuka S
0.94km
Zenzeleni Mashamase S
0.94km
Addington Primary School
1.04km
Al-Azhar School Of Durban
1.17km

Food and Entertainment

Debonairs
0.19km
Mustards Grill
0.41km
Clippers
0.47km
Chicken Tikka
0.51km
Harpoon Harry's
0.55km
Tony's Fun Foods
0.66km
MacRib
0.75km
Ocean Basket
1.09km
Waffle Xpress
1.13km
Wimpy
1.14km
Steers
1.17km
My Diners
1.24km
Debonairs
1.25km
Cargo Hold
1.26km
Wrap-it-up
1.26km

Health

Alpha Pharm
0.26km

Shopping

Capitec
0.23km
ABSA
0.29km
FNB
0.29km
Standard
0.29km
Sikhona
1.27km

Transport and Public Services

Engen
0.39km
Natal Maritime Museum
0.75km
The Workshop Parking
1.17km

Contact Agents

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Fengari Properties

View all properties for Sale

Pragasen Nadarajan - Durban Central
ASHWIN ROOPNARIAN
ELIZABETH PAKKIRI

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