This lovely secure complex built on a 1701 sqm plot consisting of 5 units is situated Mount Moreland ,which is only 2.6 km away from King Shaka International airport. Mount Moreland is a small country community located inland of Umhlanga, and is known for its Viktoria barn swallows World Heritage site ,where the swallows roost every year from November till April .Mount Moreland is zoned as section 18 and is allowed partly commercial activities such as BB etc....
Each unit ranging in various sizes (approximately 60 to 95 sqm ) has a garden with a small Wendy house for storage.
There is prepaid electricity and water, plenty of parking for 12 cars
All units are currently fully let.
To an investor net annual yield is 11%
5 year Financial modeling can be provided
Rates are approximately R 1500
You love tranquility and country living this is the place !
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