Three South Beach Flats – Investment Opportunity
Exceptional investment opportunity to acquire three fully renovated and fully let apartments in Three South Beach, sold as a bundle only and not separately.
All three apartments are currently generating rental income, making this an ideal investment for an investor looking for an established income-producing property portfolio in a prime beachfront location.
Property Breakdown
3rd Floor: 75 m², 2-bedroom apartment
Rental income: R9,700 per month
4th Floor: 57 m², 1-bedroom apartment
Rental income: R7,000 per month, no parking
10th Floor: 57 m², 1-bedroom apartment
Rental income: R7,500 per month
Total rental income: R24,200 per month
Annual rental income: R2 950 000
Features
Fully renovated throughout
Modern, upmarket finishes
Built-in cupboards in kitchens and bedrooms
Fully tiled bathrooms
Balcony areas
Stunning beachfront and sea views
One parking bay included with two of the apartments
All apartments are fully let and generating rental income
Sold together as one investment package
The apartments are situated in a safe, upmarket and highly convenient location, close to the beachfront, local shops, hospitals, restaurants and other essential amenities.
Available for sale immediately.
This is an excellent opportunity to secure three income-generating apartments in a sought-after beachfront location.
Asking Price: R2,950,000
Kindly contact Theo to arrange a viewing or for further information.
All three apartments are currently generating rental income, making this an ideal investment for an investor looking for an established income-producing property portfolio in a prime beachfront location.
Property Breakdown
3rd Floor: 75 m², 2-bedroom apartment
Rental income: R9,700 per month
4th Floor: 57 m², 1-bedroom apartment
Rental income: R7,000 per month, no parking
10th Floor: 57 m², 1-bedroom apartment
Rental income: R7,500 per month
Total rental income: R24,200 per month
Annual rental income: R2 950 000
Features
Fully renovated throughout
Modern, upmarket finishes
Built-in cupboards in kitchens and bedrooms
Fully tiled bathrooms
Balcony areas
Stunning beachfront and sea views
One parking bay included with two of the apartments
All apartments are fully let and generating rental income
Sold together as one investment package
The apartments are situated in a safe, upmarket and highly convenient location, close to the beachfront, local shops, hospitals, restaurants and other essential amenities.
Available for sale immediately.
This is an excellent opportunity to secure three income-generating apartments in a sought-after beachfront location.
Asking Price: R2,950,000
Kindly contact Theo to arrange a viewing or for further information.
Monthly Levy
R2,500
Monthly Rates
R2,500
Total
R5,000
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
Print
Theo Govender
Commercial Agent
Point, Durban
- Street map
- Street view
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.
