7 Income generating units - Strong student accommodation potential
This multi-unit income-generating property is perfectly positioned just 2 minutes from Pinetown Central, offering easy access to schools, transport routes, and amenities.
Set on a generous 3,480m² of land, this property offers 7 rentable units, making it ideal for:
Rental income investors
Student accommodation providers
Multi-let portfolio buyers
* One unit already has NSFAS approval (January 2025), opening doors to the student accommodation market.
Property Breakdown
Main 3 Bedroom Unit
3 Bedrooms (2 with built-in cupboards)
Kitchen with built-ins
Lounge
Bathroom + separate toilet
Private backyard & own washing line
2 Parking bays
Rental Income: R7,500/month
2 Bedroom Unit
2 Bedrooms (1 with built-ins)
Kitchen with built-ins
Lounge
Bathroom (toilet & shower)
Own washing line
1 Parking bay
Rental Income: R6,100/month
Log Cabin Unit
Open-plan bedroom/lounge/kitchen
Bathroom (toilet & shower)
Veranda
1 Parking bay
Rental Income: R4,000/month
4 x Studio Apartments
Open-plan living spaces
Kitchen built-in cupboards
En-suite bathrooms (toilet & shower)
1 Parking each
Shared washing line area
Rental Income: R3,000 – R3,800 per unit
Prepaid electricity to be installed as per leases
Estimated Monthly Income
Approx: R29,600 – R31,800 per month
Additional Features
Large stand – future expansion potential
Located near schools and main routes
Adjacent to a municipal property with 24/7 security presence
High rental demand area
Important Notes
Zoned Special Residential 1
Property requires TLC and upgrades
Ideal for buyers looking to add value and increase returns
Why This Property?
✔ Strong income potential
✔ Multiple rental streams
✔ Student accommodation opportunity
✔ Value-add investment
✔ Prime location close to town and 3.1km to UKZN Edgewood campus
Set on a generous 3,480m² of land, this property offers 7 rentable units, making it ideal for:
Rental income investors
Student accommodation providers
Multi-let portfolio buyers
* One unit already has NSFAS approval (January 2025), opening doors to the student accommodation market.
Property Breakdown
Main 3 Bedroom Unit
3 Bedrooms (2 with built-in cupboards)
Kitchen with built-ins
Lounge
Bathroom + separate toilet
Private backyard & own washing line
2 Parking bays
Rental Income: R7,500/month
2 Bedroom Unit
2 Bedrooms (1 with built-ins)
Kitchen with built-ins
Lounge
Bathroom (toilet & shower)
Own washing line
1 Parking bay
Rental Income: R6,100/month
Log Cabin Unit
Open-plan bedroom/lounge/kitchen
Bathroom (toilet & shower)
Veranda
1 Parking bay
Rental Income: R4,000/month
4 x Studio Apartments
Open-plan living spaces
Kitchen built-in cupboards
En-suite bathrooms (toilet & shower)
1 Parking each
Shared washing line area
Rental Income: R3,000 – R3,800 per unit
Prepaid electricity to be installed as per leases
Estimated Monthly Income
Approx: R29,600 – R31,800 per month
Additional Features
Large stand – future expansion potential
Located near schools and main routes
Adjacent to a municipal property with 24/7 security presence
High rental demand area
Important Notes
Zoned Special Residential 1
Property requires TLC and upgrades
Ideal for buyers looking to add value and increase returns
Why This Property?
✔ Strong income potential
✔ Multiple rental streams
✔ Student accommodation opportunity
✔ Value-add investment
✔ Prime location close to town and 3.1km to UKZN Edgewood campus
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
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Sydney Van Der Merwe
Master Practitioner in Real Estate
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.
