R 320 000 | apartment property for sale in durban cbd

BACHELOR FLAT FOR SALE – CENTRAL TOWN ASKING PRICE: R320,000 YOUR NEXT PROPERTY INVESTMENT STARTS HERE! Looking to get into the property market or expand your investment portfolio? This centrally located bachelor flat offers an opportunity for a first-time buyer or a property investor looking for rental income. PROPERTY HIGHLIGHTS Bachelor flat in Central Town Currently collecting R4,500 per month in rental income Potential rental income of R5,000 per month, subject to market conditions and applicable rental agreements Conveniently situated on a public transport route 24-hour security Suitable for a couple with one child, subject to the unit layout and occupancy requirements INVESTMENT SNAPSHOT Asking price: R320,000 Current annual rental income: R54,000 Potential annual rental income: R60,000 Gross rental yield at current rent: 16.9% per year Gross rental yield at R5,000 monthly rent: 18.75% per year Gross rental yields are before levies, rates, maintenance, vacancies and other expenses. The higher rental is a potential figure, not a guaranteed return. WHY MISS THIS OPPORTUNITY? A central location, convenient transport access, 24-hour security and existing rental income make this property worth considering for buyers looking to build their future through property. Contact us today for more information or to arrange a viewing! Buy smart. Invest wisely. Build your future.