18 Bedroom Apartment / flat for sale in Pietermaritzburg Central

"Strategically located on Peter Kerchhoff Street, Eastbourne Mansions presents a rare opportunity to acquire a fully tenanted apartment block with a strong income history and consistent performance. With 12 residential units under professional management with Fine and Country Midlands & Upper-Highway, this property offers both immediate returns and long-term growth potential. Financial Performance Snapshot: Recent Period (Jan–Jul 2025): Total Income: R359,798.51 Total Expenses: R135,812.73 Net Operating Income: R223,985.78 100% Occupancy across all units Historical Performance (Feb 2020–Mar 2025): Total Income: R1,583,856.58 Total Expenses: R1,562,016.00 Net Operating Income: R749,042.64 Average Monthly Income per Unit: R2,088 – R4,482 Projected 20-Year Income: R500,000 – R1,000,000+ per unit Investment Highlights: Turnkey Asset with stable cash flow and low vacancy risk Diverse Unit Mix ranging from 15m² studios to 73m² apartments Strong Net Yields with several units generating over R20,000 in net income annually Professional Oversight ensuring accurate reporting and operational efficiency Location & Lifestyle Appeal: Situated in the heart of Pietermaritzburg Central, Eastbourne Mansions benefits from proximity to transport hubs, schools, and retail amenities. Its central location ensures high tenant retention and ongoing demand, making it ideal for both seasoned investors and portfolio builders. This block is not just a property—it's a proven income engine with room to grow. If you'd like, I can also tailor this for a brochure, investor pitch, or online listing with lifestyle-driven language and visual cues. Just say the word"