About this property

An exceptional multi-family investment opportunity has become available in the high-demand area of Sydenham, Durban. This robust ten-floor apartment block is perfectly structured for property investors seeking substantial, consistent cash flow and long-term asset growth. Positioned close to main transport routes, excellent schools, local amenities, and numerous places of worship, the building commands a prime location that ensures a continuous pool of prospective tenants. The property features a total of 60 residential units designed to maximize spatial efficiency and rental appeal. The majority of the building consists of 54 standard two-bedroom, two-bathroom apartments that include private balconies and 4 with outdoor patios. For tenants seeking a multi-level layout, there are 3 two-bedroom, two-bathroom duplex units featuring two balconies each. The pinnacle of the building features 3 expansive penthouses measuring 155 square meters each. These penthouses are currently incomplete, allowing the buying investor the unique opportunity to finish and style them to their exact target market preferences. Additionally, the penthouse level boasts an exclusive 134sqm rooftop entertainment area. Beyond the residential spaces, the building provides exceptional infrastructure and security to protect and enhance your investment. It features ten floors in total, serviced by two modern lifts ensuring smooth vertical transit for residents. Vehicles are securely accommodated across three levels of underground parking providing ninety parking bays in total. Additional income streams or tenant perks can be generated through on-site storerooms. Tenant safety and peace of mind are fully covered by twenty-four hour security and strictly controlled access gates. For the discerning investor, the primary drawcard is the immediate earning potential of this asset. When fully tenanted, this entire apartment block is estimated to generate a conservative minimum rental income of R490,000 per month. With its combination of high-density living, secure parking, premium penthouse upside, and an unbeatable location, this building represents one of the most secure and lucrative rental portfolios currently available on the Durban property market. An exceptional multi-family investment opportunity has become available in the high-demand area of Sydenham, Durban. This robust ten-floor apartment block is perfectly structured for property investors seeking substantial, consistent cash flow and long-term asset growth. Positioned close to main transport routes, excellent schools, local amenities, and numerous places of worship, the building commands a prime location that ensures a continuous pool of prospective tenants. The property features a total of sixty residential units designed to maximize spatial efficiency and rental appeal. The majority of the building consists of fifty-four standard two-bedroom, two-bathroom apartments that include private balconies. For tenants seeking a multi-level layout, there are three two-bedroom, two-bathroom duplex units featuring two balconies each. The pinnacle of the building features three expansive penthouses measuring 155 square meters each. These penthouses are currently incomplete, allowing the buying investor the unique opportunity to finish and style them to their exact target market preferences. To accommodate the cost of completing these top-floor units, a reduction of R200,000 will be deducted from the final sale price. Additionally, the penthouse level boasts an exclusive 134 square meter rooftop entertainment area. Building is also equipped with 3 x Jojo Tanks. Beyond the residential spaces, the building provides exceptional infrastructure and security to protect and enhance your investment. It features ten floors in total, serviced by two modern lifts ensuring smooth vertical transit for residents. Vehicles are securely accommodated across three levels of underground parking providing ninety parking bays in total. Additional income streams or tenant perks can be generated through on-site storerooms. Tenant safety and peace of mind are fully covered by twenty-four hour security and strictly controlled access gates. For the discerning investor, the primary drawcard is the immediate earning potential of this asset. When fully tenanted, this entire apartment block is estimated to generate a conservative minimum rental income of R490,000 per month. With its combination of high-density living, secure parking, premium penthouse upside, and an unbeatable location, this building represents one of the most secure and lucrative rental portfolios currently available on the Durban property market.