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R 6 500 000

Commercial Property for Sale in Morningside

Durban, Morningside

Erf Size 537 m²
Building For Sale - NO Transfer Duty Payable
Have you ever wanted to own your own building?

Soukop Property Group presents this amazing opportunity to purchase this 6 Unit apartment block at +-90m2 per Unit.

For the first time in 30 years this building is available on the market.

Currently at 100% occupation monthly turnover is +-R54 000pm. With only one unit to be vacated by 1 March 2025.

This building is the perfect opportunity to achieve high yields and with an intelligent renovation you could maximise profits by designing an AirBnb Building. Current Airbnb daily rates are R 1400per day for a 2 bedroom.

This building is currently divided as follows:-

UNIT 1:
• R700 per day (Sub-lease - Month to Month)
• Water Paid by Participation Quota
• Electricity Pre-paid
• 2 Bedroom (Converted Lounge to 3rd Read more...
Listing Number
115600312
Type of Property
Commercial Property
List Date
18 February 2025
Erf Size
537 m²
Rates and Taxes
R 3 124
Bedroom
19
Bathrooms
9,6 x shower, 6 x toilets, 6 x basins
Kitchens
6,6 x fridges, 6 x oven & Hobs
Parking
10,2 x garages (1 x electric door & 1 x Roll up do...
Security
1
Wheelchair Accessible
Yes

Education

Clifton Preparatory
0.83km
Morningside (Durban)
0.98km
Gordon Road Girls School
1.10km
Durban Preparatoryhigh School
1.14km
Springfield Hindu Primary School
1.50km
Maris Stella
1.52km
Embury College
1.61km
Overport Srs Primary School
1.67km
Prestige Learning Academy
1.71km
Durban Girls College
1.74km
Oxford International High
1.80km
Nagari Pracharni Primary School
1.87km
Deutsche Schule Durban
2.07km
Clarence Primary School
2.13km
Collegevale Sp
2.19km
Hartley Road Primary School
2.33km
Greyville School
2.39km
Rosehill Jp
2.45km
Ridge Park College
2.51km

Food and Entertainment

Kegg & Spear
1.72km
nino's
1.83km
Steers
1.98km
Pizza Perfect
2.23km
Govender's House of Curries
2.24km

Shopping

FNB
2.54km

Transport and Public Services

Moses Mabhida
1.49km
Engen
1.96km
Woolworths Parking
2.27km
Cowey Centre Parking
2.33km
Cowey Centre Motors
2.36km

Contact Agent

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Siphosethu Myende

Contact Agent

By continuing I understand and agree with Property24's Terms & Conditions and Privacy Policy.
Soukop Property Group - Morningside

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Siphosethu Myende

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