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71 Vernon Road, Musgrave, Durban, KwaZulu-Natal
R 3 899 000
This expansive 12-bedroom house is situated on a substantial 1300sqm land parcel, offering enormous potential for investment or student accommodation. The property is currently operating as a successful student accommodation, showcasing its viability and demand. - 12 Spacious Bedrooms: Ideal for student accommodation or large family/investment use - 2 Outbuildings: Additional structures offering extra space for accommodation, offices, or storage - Huge Property Size: Ample space for expansion, gardens, parking, or additional developments - 1300sqm Land Space: Significant land area providing scope for future growth or enhancements - Currently Run as Student Accommodation: Established business with existing occupancy and revenue streams - Perfect for Investment: Strong potential for rental income from students or other tenants - Ideal for Large Families or Group Living: Sufficient space for extended family living or communal arrangements Key Benefits: - High Rental Yield Potential: Attractive for investors seeking strong returns - Established Business: Current operational student accommodation provides immediate income - Scope for Expansion or Diversification: Large land area allows for future development possibilities - Strategic Location: Assuming a prime location in South Africa, likely appealing for students or tenants This substantial property presents an excellent opportunity for investors, developers, or large families seeking a unique and lucrative asset in South Africa's property market.
Estimated monthly repayment
R 36 819
on a R 3 509 100 bond over 20 years at 11.25%
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71 Vernon Road, Musgrave, Durban, KwaZulu-Natal
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
Listed by
Thabo Reddy
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