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Athlone, Athlone, Durban North, KwaZulu-Natal
R 4 850 000
Prime Multi-Unit Investment with Expansion Potential This well-positioned property presents a fantastic opportunity for investors looking to secure consistent income with room to grow. Set on level land in a busy mixed-use area, it already generates reliable rental returns and comes with approved plans to add six more units—ideal for future development. The property consists of two well-kept buildings along with two separate flatlets, all fitted with prepaid meters for convenience. With tenants already in place, it offers immediate income. A large courtyard ensures plenty of parking for residents. Main House The main house is split into two fully independent sections, each with its own entrance: Unit 1: Offers 3 bedrooms, 1 bathroom, an open-plan lounge and dining space, plus a generously sized fitted kitchen. Unit 2: Includes 2 bedrooms, a lounge, dining area, and a fitted kitchen. Unit 3: Modern 1-bedroom studio featuring a fitted kitchen and secure parking. Unit 4: Comprises 2 bedrooms, 1 bathroom, a lounge, fitted kitchen, and its own parking bay. Perfectly located with strong rental income and approved plans for further development, this property is a smart choice for investors seeking long-term growth. An opportunity worth serious consideration. Walking distance to Riverside Mosque and Riverside Hotel Contact me for details and an exclusive viewing
Estimated monthly repayment
R 45 800
on a R 4 365 000 bond over 20 years at 11.25%
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Athlone, Athlone, Durban North, KwaZulu-Natal
Listed by
Pieter Mthembu
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