1607 m² Commercial space in Morningside

R 11 850 000

Craig Murphy

PWR Industrial & Commercial

1607 m² Commercial space in Morningside

R 11 850 000

Floor Area 1607 m² Land Area 1607 m²

Great Investment 12 Apartment Block in the heart of Morningside. (Future 18 Apartments in total)

Opportunity for Apartment Block of 12 units to invest in as is with current tenants at an average rental of R7000pm per apartment (Extent 110m2)1,5 bedrooms.

Real rights to extend another floor with 6 Penthouse apartments and to replace existing garages with undercover and open level parking creating 2 parkings per unit. The apartments can be reconfigured to 3 bedroom units. Currently a shareblock property and this property can be purchased out of the existing company and a choice to sectionalise in the future.

This investment lends itself to corporate bnb facilties on the ground floor and the balance of the apartments for long term rentals achieving up to double the current rental income

Walking distance to the Florida Road precinct, great future on the cards!

This property is situated close to coffee shops and restaurants as well as prime educational institutions Curro College DPHS Gordon Road Girls and Clifton .

Act Now!!! For appt to view call

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Experience Durban Central

Durban Central is a diverse, colourful neighbourhood that includes the beachfront areas, the Berea, Morningside, Glenwood, Musgrave and the CBD. The beach is the biggest attraction and locals flock the promenade to cycle, run, surf, swim, fish or just catch some sun. There are also incredibly lush parks and open spaces dotted around the neighbourhod for residents to take advantage of. The nightlife in Durban Central is exciting with numerous bars, pubs, restaurants and night clubs in close proximity to each other. As its name implies, Durban Central's location makes it convenient to get to any of the other areas around Durban.

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Similar Property for Sale in Morningside

1607 m² Commercial space in Morningside

R 11 850 000

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