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Palmiet, Palmiet, Durban, KwaZulu-Natal
R 2 300 000
Rawson Umhlanga offers, Well Appointed , large 3 Bed primary residence, with 3 x 2 bed flatlets and 4 single bed units, situated in Spencer Road, Clare Estate. This exceptional investment opportunity, particularly for student accommodation providers, currently generates approx R25000 per month from private, lease hold tenancy. Each of the flatlets are fitted with baths/showers and toilets The Primary Residence offers a huge lounge/dining room, the 3 generously proportioned bedrooms, all fully fitted cupboards and student workstations in 2 of them, The kitchen is massive with a laundry room and a storeroom The 2 car garage is automated , and opens onto a porch/laundry area. Open parking for a further 6 to 8 cars, within the fully fenced property Prepaid meters in all units This property is a high-yield investment powerhouse, specifically designed to maximize rental income in the student housing or co -living market. With a diverse mix of units, it offers a perfect balance of communal living and private quarters Call Ravina for an Exclusive viewing
Estimated monthly repayment
R 21 720
on a R 2 070 000 bond over 20 years at 11.25%
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Palmiet, Palmiet, Durban, KwaZulu-Natal
Listed by
David Coetzee
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