$345,364

This well-located property in the heart of Musgrave is a rare find for investors or developers. Zoned as Special residential GR2. Currently run as a student accommodation facility, the property offers 11 bedrooms, 3 of which feature en-suite bathrooms, and a communal kitchen area. With CCTV surveillance in place, and electric fencing at the front entrance of the property, ensures added peace of mind for residents. The property generates a potential rental income of R40 000 per month, making it a solid income-generating asset from day one. Location is key - just a short walking Distance to Durban University of Technology (DUT), and conveniently close to public transport routes, shops, and other amenities. An added bonus is the ample additional land space, offering huge potential for development. The land can easily accommodate a five-story apartment block, making it ideal for: ?Çó Expanding the current student accommodation to house 90+ students. ?Çó Developing individual residential apartments. ?Çó A high-return project for a forward thinking developer. Don't miss out on the opportunity to own this prime piece of real estate in one of Durban's sought after areas. Call today to arrange a viewing and explore the full potential of this unique property.

Amenities

• Bedrooms: 11
• Full Bathrooms: 2
• Partial Bathrooms: 0
• Property Type: Residential
• Home size: 0 ft² / 0 m²
• MLS: 2556514
• Status: Active