1 Bedroom Apartment in Esplanade

Whether you''re looking to get onto the property ladder or add to your investment portfolio, this is an opportunity worth exploring!

Shireen M & Salman Shaik present this neat and cosy studio apartment, ideally situated in the heart of Durban City, overlooking the Durban Yacht Club and Harbour.

Already tenanted, generating a rental income of R5,500 per month, making this an attractive investment opportunity.

THE APARTMENT OFFERS:

Spacious open-plan living area, comfortably accommodating both a bedroom and lounge area. Large windows allowing an abundance of natural light, creating a bright and airy atmosphere. Ample built-in cupboards. Functional kitchen with built-in cupboards, hob and under-counter oven. Bathroom fitted with shower, basin and toilet, with plumbing for a washing machine. The BIG bonus your own parking bay within the apartment block!

THE EXTRAS:

Secure building with controlled access. 247 security. Water included in the levy. Prepaid electricity. Currently tenanted at R5,500 per month.

THE NUMBERS: Purchase price: R550,000

Monthly rental: R5,500

Annual rental income: R66,000

Gross rental yield: 12 per annum before levies, rates, maintenance and other expenses.

Whether you''re looking for a place to call your own or an investment that generates rental income, this Esplanade gem deserves your attention!

YOUR NEST OR YOUR NEXT INVESTMENT