Umbilo · Apartment Block For Sale
780 m² Apartment Block For Sale in Umbilo
- R 7,000,000
- 780 m²
Situated on a corner in Umbilo Road this mixed-use building has 390 sqm of retail space on the ground floor and 5 flats on the first floor.
The ground floor retail space is fully let with leases in place with between 8 and 28 months to expiry.
The flats are rented out as student accommodation at R 3000 per student with a total capacity of 15 students. Alternatively, the flats can be rented out as normal family units.
On a fully let basis at a purchase price of R 7.5m the net return amounts to just under 12 %.
Property Information & Features
- Property Type
- Apartment Block
- Listing Type
- For Sale
- Location
- Umbilo, Durban
- Price
- R 7,000,000 · Get Pre-Qualified
- Price per m²
- R 8,974
- Floor Size
- 780 m²
- Erf Size
- 1000 m²
- Open Parking Bays
- 4