R 11 000 000 | business property for sale in durban cbd

INCOME PRODUCING PROPERTY IN PRIME DURBAN CBD Located in Mona Road Durban this well positioned property is currently being used as a private student residence catering for 75 people across 3 stories and 33 rooms. A relaxation area, common courtyard / chill zone and communal kitchen and ablution facilities are part of the design of the building. An assets register will be included with the sale agreement. The owner is currently balancing their property portfolio and this property represents an ideal opportunity for a smart investor / operator of student accommodation facilities to consider purchasing it. The property is being sold as a turnkey enterprise meaning all assets, fixtures, systems, tenant data base details, compliance certificates etc will be included in the transaction. All that is needed is a viable Buyer and, if that is you, then you could be up and running in time for Feb 2026 student intake Per person rentals on a sharing room basis is currently R2,500 and all individual contracts are on a month-to-month basis. Residents typically stay for 10months and vacate over Dec / Jan period. This allows for usage of the premises for maintenance purposes OR to secure additional occupancy by targeting holiday visitors / school groups etc Most students stay for the entire duration of the college qualification which is typically 3 years The building was previously accredited by NSFA as well as UKZN / MUT and DUT Currently all occupants are private students attending various CBD based private colleges that are within easy walking distance of Mona Rd SPECIFICS • WIFI installed with multiple signal boosters • No lift in building (less maintenance costs) • Ongoing maintenance programme in place meaning no surprises for new Buyer post transfer • Security in place / access control systems • Area for washing lines • Electricity and water usage included in monthly accommodation rate of R2500 pp sharing • Secure property • Title Deeds with Owner will facilitate prompt transfer • All Metro bills up to date • Limited parking facilities • Seller’s Disclosure Report checklist available …no defects / leaks cracks etc • Premises have been used as student communal living space for over 15 years • Constant stream of enquiries for rooms to rent • No barriers in respect of Male / Female residents but floors are demarcated in accordance with current population of residents • Communal showers and toilets per floor • Common areas on ground floor • Building approved by Metro in terms of usage and plan compliance • No remedial work to be done by new owner. WIWO • High performance of monthly income receipts • No bad debt • Data base schedule available showing all accounts and contract with parents / guardians of actual students • Hand over programme available from Seller to Buyer Current nett return on investment with existing private students is 11 % With a NSFAS contract @ an estimated figure of R4,700 pppm you would generate an ROI closer to 20 % The property is an ideal passive income generator and has limited expenses and requires only basic supervisory oversight. If you are new to student residence market is gives you a solid platform to enter the sector. You don’t have to re-invent the wheel If you are an existing operator then this building will complement your portfolio. A high degree of interest is expected from the market as savvy investors would seek to secure transfer of the property before end Jan 2026 Please call to secure a private viewing at your convenience. INCOME PRODUCING PROPERTY IN PRIME DURBAN CBD Located in Durban CBD this well positioned property is currently being used as a private student residence catering for 75 people across 3 stories and 33 rooms. A relaxation area, common courtyard / chill zone and communal kitchen and ablution facilities are part of the design of the building. An assets register will be included with the sale agreement. The owner is currently balancing their property portfolio and this property represents an ideal opportunity for a smart investor / operator of student accommodation facilities to consider purchasing it. The property is being sold as a turnkey enterprise meaning all assets, fixtures, systems, tenant data base details, compliance certificates etc will be included in the transaction. All that is needed is a viable Buyer and, if that is you, then you could be up and running in time for Feb 2026 student intake Per person rentals on a sharing room basis is currently R2,500 and all individual contracts are on a month-to-month basis. Residents typically stay for 10months and vacate over Dec / Jan period. This allows for usage of the premises for maintenance purposes OR to secure additional occupancy by targeting holiday visitors / school groups etc Most students stay for the entire duration of the college qualification which is typically 3 years The building was previously accredited by NSFA as well as UKZN / MUT and DUT Currently all occupants are private students attending various CBD based private colleges that are within easy walking distance of Mona Rd SPECIFICS • WIFI installed with multiple signal boosters • No lift in building (less maintenance costs) • Ongoing maintenance programme in place meaning no surprises for new Buyer post transfer • Security in place / access control systems • Area for washing lines • Electricity and water usage included in monthly accommodation rate of R2500 pp sharing • Secure property • Title Deeds with Owner will facilitate prompt transfer • All Metro bills up to date • Limited parking facilities • Seller’s Disclosure Report checklist available …no defects / leaks cracks etc • Premises have been used as student communal living space for over 15 years • Constant stream of enquiries for rooms to rent • No barriers in respect of Male / Female residents but floors are demarcated in accordance with current population of residents • Communal showers and toilets per floor • Common areas on ground floor • Building approved by Metro in terms of usage and plan compliance • No remedial work to be done by new owner. WIWO • High performance of monthly income receipts • No bad debt • Data base schedule available showing all accounts and contract with parents / guardians of actual students • Hand over programme available from Seller to Buyer Current nett return on investment with existing private students is 11 % With a NSFAS contract @ an estimated figure of R4,700 pppm you would generate an ROI closer to 20 % The property is an ideal passive income generator and has limited expenses and requires only basic supervisory oversight. If you are new to student residence market is gives you a solid platform to enter the sector. You don’t have to re-invent the wheel If you are an existing operator then this building will complement your portfolio. A high degree of interest is expected from the market as savvy investors would seek to secure transfer of the property before end Jan 2026 Please call to secure a private viewing at your convenience.