18 Bedroom Apartment in Pietermaritzburg Central

Exceptional Investment Opportunity at Eastbourne Mansions

Price: Approximately R475,000 per Unit

Prime Location:

Discover an unmatched investment opportunity at Eastbourne Mansions, perfectly positioned on the sought-after Peter Kerchhoff Street. This fully tenanted apartment block comes with established leases and a strong income track record, providing immediate cash flow and promising long-term growth. Managed by Engel & Volkers Midlands, you can trust in our expert oversight to maximize your returns.

Financial Performance Overview:

Recent Performance JanJul 2025:

- Total Income: R359,798.51

- Total Expenses: R135,812.73

- Net Operating Income: R223,985.78

- Occupancy Rate: 100

Historical Performance Feb 2020Mar 2025:

- Total Income: R1,583,856.58

- Total Expenses: R1,562,016.00

- Net Operating Income: R749,042.64

- Average Monthly Income per Unit: R2,088 R4,482

- Projected 20-Year Income per Unit: R500,000 R1,000,000

Investment Highlights:

- Turnkey Asset: Benefit from stable cash flow with minimal vacancy risk.

- Diverse Unit Mix: Features a range from charming 15m² studios to spacious 73m² apartments, appealing to various tenant demographics.

- Strong Net Yields: Several units generating over R20,000 in net income annually.

- Professional Management: Reliable oversight ensures accurate financial reporting and operational efficiency.

Centrally Located with Lifestyle Appeal:

Ideally located in the vibrant heart of Pietermaritzburg Central, Eastbourne Mansions is just minutes away from essential transport links, schools, and retail venues. This prime location fosters high tenant retention and sustained demand, making it perfect for both seasoned investors and those looking to build their property portfolios.

More Than Just a Property:

Eastbourne Mansions is not just a building its a proven income-generating asset with immense growth potential. If you''re interested in creating an engaging brochure, pitch, or online listing that highlights both lifestyle attributes and investment appeal, dont hesitate to reach out. Were here to assist you in presenting this exceptional opportunity!