R 14 500 000 | building property for sale in south beach

Property Description

An exceptional opportunity to acquire a high-performing, fully let student accommodation building in the heart of Durban's Smith Street corridor - prime location for DUT, UNISA and CBD colleges. This is a turnkey investment with a proven rental model and excellent income diversification across 4 income-generating floors. *Verified Accommodation Breakdown: 176 Student Beds* - *Ground Floor: 15 Rooms (34 Beds)* 1 x 1-Sleeper | 9 x 2-Sleeper | 5 x 3-Sleeper = *34 Beds* - *1st Floor: 34 Rooms (71 Beds)* 2 x 1-Sleeper | 27 x 2-Sleeper | 5 x 3-Sleeper = *71 Beds* - *2nd Floor: 34 Rooms (71 Beds)* 2 x 1-Sleeper | 27 x 2-Sleeper | 5 x 3-Sleeper = *71 Beds* *Total Verified: 83 Rooms = 176 Beds [As per circled calculation]* _With 3rd Floor: 16 Rooms (1 x 1-Sleeper | 15 x 2-Sleeper) - Total building 99 Rooms_ *Why Investors Love This Asset:* - *Maximum Yield Model:* Optimized mix of 1, 2 and 3-sleeper rooms designed for student co-sharing - 176 secure income streams from one title - *Superior Location:* Smith Street is the most sought-after student node in Durban - walking distance to transport, retail, and campuses - ensuring 100% occupancy - *Scalable & Manageable:* Identical layouts on 1st & 2nd floor for efficient management - *Recession-Proof:* Student housing is one of SA's strongest performing asset classes Ideal for serious investors looking for immediate cash flow and long-term capital growth. All financials, occupancy certificates and viewing available to qualified buyers.


Property Details

Purchase Price R 14 500 000

Building Size1360.00 m2

Type of PropertyBuilding

Monthly Rates13804.29

Land Size346.00 m2

FurnishedYes

Last Updated12 Oct 2026

General Features

SecurityYes

Property Location

Similar Property in nearby suburbs

Agent

Richard Abraham

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