33 BACHELOR UNITS | 31 TENANTED | INVESTMENT OPPORTUNITY – BULWER, DURBAN
33 BACHELOR UNITS | 31 TENANTED | INVESTMENT OPPORTUNITY – BULWER, DURBAN
Established Rental Investment with Student Accommodation Potential
An exceptional investment opportunity in the established and sought-after suburb of Bulwer, Durban.
This well-maintained residential property comprises 33 bachelor units situated over three floors, with 31 units currently occupied by tenants. The property offers an established rental income stream while presenting further potential to increase returns through full occupancy and/or conversion into a dedicated student accommodation offering.
Each bachelor unit is designed for convenient, independent living and comprises:
Bedroom/living area
Kitchenette
Built-in cupboard
Sink-top
En-suite bathroom
Instant geyser/heater
Prepaid electricity meter
Prepaid water meter
The individual metering provides effective control over utility consumption and assists with streamlined rental management.
The property is equipped with a range of security and infrastructure features, including:
CCTV surveillance system
Electric fencing
Controlled access
This property offers an attractive proposition for investors seeking an established, high-density rental property with multiple income-producing units.
With 31 of the 33 units already rented, the property provides an existing tenant base and immediate income potential. The two currently vacant units create an opportunity for a new owner to increase occupancy and further optimise the property's rental return.
The configuration of the property also makes it particularly suitable for student accommodation, subject to the relevant municipal zoning, building, licensing and accommodation requirements.
Situated in Bulwer, Durban, the property is positioned in an established residential area with convenient access to Durban's major amenities, educational institutions, public transport routes, shopping facilities and commercial nodes.
Its location and high-density configuration make it suitable for a variety of rental strategies, including young professionals, students and long-term residential tenants.
WHY THIS PROPERTY?
✔ 33 bachelor units
✔ 31 units currently occupied
✔ Established rental income
✔ Opportunity to achieve 100% occupancy
✔ Potential student accommodation use
✔ Individual prepaid electricity meters
✔ Individual water meters
✔ En-suite facilities
✔ CCTV security
✔ Electric fencing
✔ Controlled access
✔ 2 JoJo tanks
✔ 7 parking spaces
✔ 620 m² land
✔ Well-maintained investment property
AN INVESTMENT WITH INCOME AND GROWTH POTENTIAL
Whether you are an established property investor, accommodation operator or investor looking to expand your rental portfolio, this property offers a rare opportunity to acquire a multi-unit residential investment with an existing tenant base and further income optimisation potential.
Contact us today to arrange a private viewing and obtain further information regarding the rental schedule and investment opportunity.
Established Rental Investment with Student Accommodation Potential
An exceptional investment opportunity in the established and sought-after suburb of Bulwer, Durban.
This well-maintained residential property comprises 33 bachelor units situated over three floors, with 31 units currently occupied by tenants. The property offers an established rental income stream while presenting further potential to increase returns through full occupancy and/or conversion into a dedicated student accommodation offering.
Each bachelor unit is designed for convenient, independent living and comprises:
Bedroom/living area
Kitchenette
Built-in cupboard
Sink-top
En-suite bathroom
Instant geyser/heater
Prepaid electricity meter
Prepaid water meter
The individual metering provides effective control over utility consumption and assists with streamlined rental management.
The property is equipped with a range of security and infrastructure features, including:
CCTV surveillance system
Electric fencing
Controlled access
This property offers an attractive proposition for investors seeking an established, high-density rental property with multiple income-producing units.
With 31 of the 33 units already rented, the property provides an existing tenant base and immediate income potential. The two currently vacant units create an opportunity for a new owner to increase occupancy and further optimise the property's rental return.
The configuration of the property also makes it particularly suitable for student accommodation, subject to the relevant municipal zoning, building, licensing and accommodation requirements.
Situated in Bulwer, Durban, the property is positioned in an established residential area with convenient access to Durban's major amenities, educational institutions, public transport routes, shopping facilities and commercial nodes.
Its location and high-density configuration make it suitable for a variety of rental strategies, including young professionals, students and long-term residential tenants.
WHY THIS PROPERTY?
✔ 33 bachelor units
✔ 31 units currently occupied
✔ Established rental income
✔ Opportunity to achieve 100% occupancy
✔ Potential student accommodation use
✔ Individual prepaid electricity meters
✔ Individual water meters
✔ En-suite facilities
✔ CCTV security
✔ Electric fencing
✔ Controlled access
✔ 2 JoJo tanks
✔ 7 parking spaces
✔ 620 m² land
✔ Well-maintained investment property
AN INVESTMENT WITH INCOME AND GROWTH POTENTIAL
Whether you are an established property investor, accommodation operator or investor looking to expand your rental portfolio, this property offers a rare opportunity to acquire a multi-unit residential investment with an existing tenant base and further income optimisation potential.
Contact us today to arrange a private viewing and obtain further information regarding the rental schedule and investment opportunity.
Monthly Rates
R31,000
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
Print
Paballo Saul
Agent
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt 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.
