Cluster of 39 Flats, 12 & 14 Cleveland Place, Glenwood, Durban
Gross Annual Income: ± R1.8 Million | 25 Bachelor flats | 9 x 1 Bedroom flats | 5 x 2 Bedroom flats
Combined extent: ± 1 800 m². This prominently positioned property consisting of a cluster of buildings spreading over two erven, is the perfect opportunity for an investor or a conversion into student accommodation.
The current gross rental income is ± R155 000 per month and the property is fully let, owner managed and all rental contracts are on a month to month basis. The property is within walking distance to Durban University of Technology, Glenwood Mall and close to all amenities to service the local community.
Glenwood is a suburb on the lower Berea in Durban, KwaZulu-Natal. Glenwood has a neighbourly vibe and the sedate houses, tree-lined streets and easy access to the centre of Durban make this suburb an ideal place to stay. Its residents tend to be academics, artists, designers and the like who have given the neighbourhood, together with Davenport Road, a distinctly ‘trendy’ vibe.
Viewings: 13 March 2018 from 13h00 to 14h00
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