R470,000

R470,000

1 Bedroom Flat For Sale in South Beach
1
Bedrooms
1
Bathrooms
1
Garages
Sole Mandate
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Great investment opportunity!!!!

Web Ref. WRL84839
Floor size 41.00 m²
Monthly Bond Repayment
R4,692.38
Stunning Open-Plan Bachelor Flat in South Beach, Durban

Location: Nedbank Circle, South Beach, Durban

Property Details:

- Type: Open-plan bachelor flat, perfect for student accommodation
- Size: 41 square meters
- Amenities:
- Stunning ocean views
- Parking that generates an additional R500 pm
- Face recognition entry system for added security
- Breakfast area with table and 2 benches
- Tiled throughout, allowing for easy partitioning to accommodate up to 4 students

Income Potential:

- Rental Income: +/- R6,500 pm (approximately R78,000 pa)
- Parking Income: R500 pm (approximately R6,000 pa)

Location:

- Walking distance to the beach
- Close to shopping centers and Spar (ground floor)
- Convenience stores nearby
- Beautiful views of Durban and the Harbour

Asking Price: R480,000

Investment Opportunity:

This property offers a fantastic opportunity for investors looking to generate rental income. With its prime location, stunning ocean views, and potential for partitioning to accommodate up to 4 students, this flat is sure to attract tenants.
Monthly Levy R2,018
Monthly Rates R1,016
Total R3,034

Features

Interior
1 Bedroom
1 Bathroom
1 Kitchen
1 Lounge
Exterior
1 Garage
Security
Scenery / Views
Sizes
Floor Size 41 m²

Disclaimer

While every effort will be made to ensure that the information contained within the Wakefields website is accurate and up to date, Wakefields makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.