Property Details

Unlock the potential of this exceptional multi-income property located in the highly sought-after Morningside area of Durban. Priced at R1,430,000, this versatile property presents an outstanding opportunity for investors, extended families, or owner-occupiers seeking to generate additional rental income.

Situated on a spacious 669m2 erf, the property is thoughtfully divided into three separate income-producing sections, offering flexibility and multiple rental options. The first section features a 4-room stadium-facing unit with a reception area, ideal for commercial or residential use. The second is a self-contained 3-bedroom unit, while the third is a basement 1-bedroom unit, each designed to maximize rental yield.

Additional features include prepaid water and electricity meters, secure parking for five vehicles, maids’ quarters, and stunning ocean and stadium views. The property’s central location provides easy access to major amenities and is approximately 1km from Moses Mabhida Stadium, enhancing its appeal to tenants and investors alike.

With an estimated rental income of approximately R19,000 per month, equating to around R228,000 gross annually, this property offers a lucrative investment opportunity. Whether you choose to reside in one section and rent out the others or lease all units, the potential for strong returns is clear.

Asking Price: R1,430,000

Don’t miss this rare opportunity to acquire a versatile Morningside property with multiple income streams, excellent location, and significant investment potential. Contact us today to arrange a private viewing and explore the possibilities this property offers.