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Palmiet, Palmiet, Durban, KwaZulu-Natal
R 2 700 465
Unlock the exceptional potential of this expansive property located in the heart of Palmiet. Set on a generously sized stand, this versatile investment offers three existing sectional units with ample space to construct a fourth sectional unit, making it an outstanding opportunity for investors, developers, or visionary buyers. Whether you're looking to renovate, expand, or redevelop, this property provides the ideal foundation to maximize your return on investment. The existing units offer immediate rental income potential, while the additional development opportunity creates scope for increased revenue and long-term capital growth. The property comprises three sectional units, configured as follows: Section 1: 5 Bedrooms 1 Lounge 1 Kitchen 1 Toilet 1 Bathroom with toilet and shower Section 2: 1 Bedroom 1 Open-plan bedroom 1 Kitchen 1 Bathroom with toilet and shower Section 3 3 Bedrooms 1 Lounge 1 Dining Room 1 Kitchen 1 Toilet 1 Bathroom with toilet and shower Each unit has a porch or balcony or verandah Perfect for: Property investors seeking strong rental yields. Developers looking to add value through expansion. Buyers wanting to renovate and create a high-performing income-generating asset. Property Highlights: Large stand with excellent development potential. Three sectional units already established. Space to build a fourth sectional unit (subject to the necessary approvals). Outstanding rental income potential. Ideal renovation and value-add opportunity. Excellent investment in a well-established suburb. Close to schools, shopping centres, public transport, and major access routes. Properties with this level of flexibility and future growth potential are becoming increasingly rare. Whether you're expanding your property portfolio or searching for your next development project, this property presents an opportunity not to be missed. Invest today, renovate tomorrow, and reap the rewards for years to come. Contact us now to arrange your exclusive viewing.
Estimated monthly repayment
R 25 501
on a R 2 430 418 bond over 20 years at 11.25%
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Palmiet, Palmiet, Durban, KwaZulu-Natal
Listed by
Deon Moodley
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