Durban’s residential blocks, which are almost all sectional title, are renowned as excellent buy-to-let opportunities for investors.
Residential units in the Durban CBD and nearby South Beach will be among the lots for Aucor Property’s multi-property auction at the Durban Country Club on June 25 at 11am.
The CBD flat is on the first floor of SS Ogwini at 9 Joseph Nduli (Russell) Street. The 124m² flat with harbour has three bedrooms, open-plan lounge and dining room, shower/toilet, enclosed balcony and a dedicated parking bay.
The sectional title flats on offer on the South Beach are units 13 and 152 in the SS Rydal Mount block at 130 Gillespie Street. Unit 13 – a bachelor flat with open-plan living, kitchen and balcony – is currently let for R3200 a month.
Unit 152 has two bedrooms (one en-suite), lounge converted into a third bedroom with dry wall partitioning, kitchen, toilet/shower, and is let for R3600 a month. There is a lift in the building which is a two-minute walk from the beach.
Rona Pillay, who is handling the sale of the flats for Aucor, says Durban’s residential blocks, which are almost all sectional title, are renowned as excellent buy-to-let opportunities for investors.
“With substantial redevelopment plans for the CBD and the massive facelift the Point Waterfront is experiencing, coupled with improvements to South Beach promenade for the 2010 Soccer World Cup, all three flats we are selling this week are excellent investment opportunities,” Pillay says.
The CBD and South Beach blocks are popular with first-time buyers as the flats offers exceptional value for money. For those working in the heart of the city as well as students, CBD living is also convenient.
“Medical facilities are in the CBD and Addington, St Aidan’s and City hospitals are nearby. Schools, both public and private, Unisa and DUT as well as the Damelin City Campus are also easily accessible.
“Public transport facilities are good and there is a wide variety of mosques and churches in the area as well as shopping facilities to cater for all requirements,” Pillay says.
For more details, call Rona Pillay on 0823045636 or 0315125150 or email firstname.lastname@example.org.