R2,295,000
R2,295,000
Monthly Bond Repayment R23,299.50
Calculated over 20 years at 10.75% with no deposit.
Change Assumptions
Monthly Rates
R2,300
R2,300
Income-Generating Property – 7 Bachelor Units | R28,000 Monthly Income
Dormehl Phalane property Glenwood presents
Price: Priced to sell
Type: Investment Property
Tenure: Freehold
Occupancy: Fully Tenanted
An excellent opportunity for savvy investors! This well-maintained property comprises 7 separate bachelor units, each featuring:
Private bathroom
Dedicated parking space
Prepaid utilities
Located close to major public transport routes, ensuring strong tenant demand and minimal vacancies.
Currently fully let and generating a monthly income of R28,000, this property offers an attractive rental yield with reliable cash flow from day one.
Key Features:
7 self-contained bachelor units
Bathroom in every unit
Parking available for each tenant
Fully tenanted with stable rental income
Close to transport routes and amenities
Ideal for student or working tenant market
This is a rare find for anyone looking to secure a high-performing property investment in a sought-after area.
📞 Contact us today to arrange a viewing or for more details
Features
Interior
Bedrooms
7
Bathrooms
7
Kitchens
7
Exterior
Carports / Parkings
7
Security
Yes
Sizes
Land Size
793m²
Glenwood, Durban
Durban
Durban is the largest city in the South African province of KwaZulu-Natal and the third largest city in the country, forming part of the eThekwini metropolitan municipality. Durban is famous as the busiest port in South Africa and is also a major centre of tourism because of the city's warm subtropical climate and extensive beaches. Voted as one of the top 10 family beach holiday cities in the...
More Info
Get Email Alerts
Sign-up and receive Property Email Alerts of Houses for sale in Glenwood, Durban.
Disclaimer: While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group 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.
