R3,395,000
R3,395,000
Monthly Bond Repayment R36,791.85
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
Monthly Levy
R3,791
R3,791
Monthly Rates
R2,021
R2,021
AN INVESTMENT OPPORTUNITY NOT TO BE MISSED - NO TRANSFER DUTY!
Student accommodation is emerging as one of the most exciting real estate investment trends in Durban and the
availability of opportunities in this sector in St James Avenue in Westville should be considered. Individual Investors
looking to make a lucrative long-term real estate investment that additionally produces a potential gross annual income of
approximately R660 000.00 should look to purchasing this property.
Rarely does a property of this nature comes onto the market.
Nestled in the heart of Central Westville is this 10 bedroom 'Income Generator'.
Being within walking distance to Varsity College, Westville central schools and convenient for UKZN, this would be ideal
student accommodation or perhaps with an innovative mind it can be split to accommodate large families. The
opportunities are endless.
The current Sellers were using it as student accommodation.
Situated on a main road makes this property accessible to public transport and close to all amenities.
Set on level land with plenty of parking and fully secured
Features
Interior
Bedrooms
6
Bathrooms
3
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
10
Security
Yes
Flatlet
1
Domestic Accommodation
1
Sizes
Floor Size
349m²
Extras
Ceiling Fans / Levy includes electricity for complex, gardener, managing agent, insurance & pool. • Keys in the office.Beverley Hills, Westville
Westville
Westville is a satelite town in KwaZulu-Natal, South Africa that is situated 8km inland from the Durban city centre. It now forms part of the eThekwini Metropolitan Municipality, which also includes Durban. The town was laid out on the farm Westville (named in honour of Martin West, the British lieutenant-governor of Natal) which was formed in 1847. Westville is a fast growing decentralised hub of...
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