33 Bedroom Apartment in Bulwer

33 BACHELOR UNITS | 31 TENANTED | INVESTMENT OPPORTUNITY BULWER, DURBAN

Established Rental Investment with Student Accommodation Potential

An exceptional investment opportunity in the established and sought-after suburb of Bulwer, Durban.

This well-maintained residential property comprises 33 bachelor units situated over three floors, with 31 units currently occupied by tenants. The property offers an established rental income stream while presenting further potential to increase returns through full occupancy andor conversion into a dedicated student accommodation offering.

Each bachelor unit is designed for convenient, independent living and comprises:

Bedroomliving area

Kitchenette

Built-in cupboard

Sink-top

En-suite bathroom

Instant geyserheater

Prepaid electricity meter

Prepaid water meter

The individual metering provides effective control over utility consumption and assists with streamlined rental management.

The property is equipped with a range of security and infrastructure features, including:

CCTV surveillance system

Electric fencing

Controlled access

This property offers an attractive proposition for investors seeking an established, high-density rental property with multiple income-producing units.

With 31 of the 33 units already rented, the property provides an existing tenant base and immediate income potential. The two currently vacant units create an opportunity for a new owner to increase occupancy and further optimise the property''s rental return.

The configuration of the property also makes it particularly suitable for student accommodation, subject to the relevant municipal zoning, building, licensing and accommodation requirements.

Situated in Bulwer, Durban, the property is positioned in an established residential area with convenient access to Durban''s major amenities, educational institutions, public transport routes, shopping facilities and commercial nodes.

Its location and high-density configuration make it suitable for a variety of rental strategies, including young professionals, students and long-term residential tenants.

WHY THIS PROPERTY

33 bachelor units

31 units currently occupied

Established rental income

Opportunity to achieve 100 occupancy

Potential student accommodation use

Individual prepaid electricity meters

Individual water meters

En-suite facilities

CCTV security

Electric fencing

Controlled access

2 JoJo tanks

7 parking spaces

620 m² land

Well-maintained investment property

AN INVESTMENT WITH INCOME AND GROWTH POTENTIAL

Whether you are an established property investor, accommodation operator or investor looking to expand your rental portfolio, this property offers a rare opportunity to acquire a multi-unit residential investment with an existing tenant base and further income optimisation potential.

Contact us today to arrange a private viewing and obtain further information regarding the rental schedule and investment opportunity.