Property description
An exceptional income-generating investment opportunity situated in the highly sought-after Broadway precinct of Durban North. This well-positioned freestanding property offers multiple tenanted units with strong rental returns and excellent long-term investment potential.
Ideally located just one road away from Broadway, the property enjoys close proximity to major amenities including Woolworths, Mugg & Bean, supermarkets, schools, restaurants, and easy access to all major roads and freeways.
All units on the property have been tastefully renovated and upgraded, including modernized flooring throughout. The property is neat, well-maintained, and move-in ready, offering investors a true turnkey opportunity with no additional renovation costs required.
Main House
The spacious main residence offers:
• 3 well-sized bedrooms
• 2 bathrooms
• Separate lounge
• Separate dining room
• Separate kitchen
• Private garden and patio
• 2 store rooms
• Domestic quarters
• 2 parking bays
Current rental income: R21,262 per month
Cottage A
A cozy and modern unit offering:
• 1 bedroom with ensuite
• Open-plan lounge and kitchen
• Small private patio
• 1 parking bay
Current rental income: R10,200 per month
Cottage B
Bachelor unit featuring:
• Open-plan living space
• 1 parking bay
Current rental income: R7,350 per month
Cottage C
A large and comfortable cottage featuring:
• 1 spacious bedroom with ensuite
• Huge lounge area
• Entrance hall
• Private garden and patio
• Store room
• 1 parking bay
Current rental income: R11,800 per month
Investment Highlights
• Fully multi-tenanted investment property
• Strong combined rental income
• All units fitted with prepaid electricity meters
• Fully renovated throughout with upgraded flooring
• No money to be spent on renovations
• Excellent location in a high-demand rental area
• Close to shopping centres, restaurants, schools, and transport routes
• Ideal for investors seeking stable monthly returns and long-term capital growth
This is a rare opportunity to secure a versatile, income-producing property in one of Durban North’s most desirable and established locations.
- Flatlet
- Staff Accommodation
- Store Room
- Patio
- Freehold
- Security Features
- Sea View
- Pets Allowed
- Laundry
- Walling: Fully Walled
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from Legacy Real Estate Group - Head Office
Terms of useGet in Touch
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
