Great Investment Opportunity, Avoca, Durban, KwaZulu Natal

Great Investment Opportunity – 5 Flats, 3 Shops, Garages & Storage Units This property offers excellent long-term investment potential with a diverse mix of residential and commercial units, all generating consistent rental income. It is well suited to investors seeking both stability and growth, with a total monthly rental income of R62,500. Residential Units The property features five well-designed flats, each offering two spacious bedrooms, a fitted modern kitchen, and an open-plan lounge and dining area that creates a welcoming, functional living space. Every unit includes a modern bathroom plus a guest toilet for convenience. Current rental income per flat is R6,500 per month, ensuring steady returns. Commercial Shops There are three commercial shop units, each equipped with a kitchenette and toilet. These versatile spaces are ideal for retail, offices, or small businesses, currently achieving rental income of R5,500 per unit per month. Garages and Storage Units The property further includes 8 lock-up garages, rented at R500 each, and two storage units located beneath the shops, each generating R2,500 rental income. Additional visitor parking adds value and convenience for both tenants and customers. Features and Security Each unit operates on its own prepaid water and electricity meters, making utility management simple and cost-effective. The block is well-maintained, secure, and offers automated drive-in access, ensuring peace of mind for residents and business tenants alike. Location Perfectly situated close to all essential amenities, schools, transport links, and shopping facilities, the property provides convenience for tenants and consistent demand for rentals. This sectional title block is an ideal choice for investors looking for a property with a healthy income stream and strong future potential. Contact Maggie today for an exclusive viewing and secure your next investment.