R 38 000 000 | apartment property for sale in south beach

Property Description

Only serious investors /buyers.... Introducing a complete block of flats for sale. Set on a prime location in South Beach Durban. This former student accommodation with a capacity of housing 231 students is a must to be viewed. Property sold fully furnished. Seven story high rise with 6 flats per floor. All are still individual, 1- 2- and 3-bedroom units with only Ground, 1st and 2nd floors redesigned and converted into rooms. All three floor have communal kitchens, separate bathrooms and toilets on each floor. Approved and passed to the university specification. Lift in building, CCVT cameras throughout the building, Fire alarm and alarm with zone board, Biometrics, Laundry, Study Hall, Recreational Hall / TV Room, Office, 3 bedrooms out building, 24 Hour man security, JoJo Tank, WIFI, Parking for - 10 vehicles and room to create more parking. In the heart of all amenities. Under a minute walk to the uShaka Marine World, shopping malls, Schools, hospitals, Durban`s famous beaches and beach front, on the bus and taxi route and Durban`s harbour. Bonus- Property can be used as holiday letting over the festive seasons, leased out as private rental units, or converted into a B&B, Guest House, daily rental, back into student accommodation, back-packer's accommodation or according to owners' desires. Make an offer and this sought-after block could be yours.


Property Details

Purchase Price R 38 000 000

Building Size670 m2

Price Per SQMR 56716 m2

Type of PropertyApartment

ZoningCommercial

Land Size988 m2

Last Updated31 Jan 2024

External Features

Covered Parking Bays3

Open Parking Bays8

General Features

Three Phase PowerYes

Property Location

Similar Property in nearby suburbs

Agent

Aneera Barrie

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