Multi-Unit Investment Property, King Shaka Airport

Multi-Unit Investment Property, King Shaka Airport

AUCT-001150 | SOLD

6 Charles Street, Mount Moreland, KwaZulu Natal

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Multi-Unit Investment Property. 6 Charles Street, Mount Moreland, Dube City .

Extent: ± 1 701 m² | Gross Annual Income: ± R 400K | Fully let

Viewing: Tuesday 11 February from 10h00 and 12h00.

This 1 701 m² property with 5 individual rental units is the ideal investment within a rapidly growing development area, which forms part of King Shaka International Airport and Dube Trade Port. The property is currently fully let with 5 individual tenants and offers the perfect opportunity for future growths. The area is earmarked for commercial development with the planned Durban Go train station in walking distance.

Mt Moreland falls under Dube Trade Port and is a small village adjacent to King Shaka International Airport. Mount Moreland is a small community located in the eThekwini municipality in KwaZulu-Natal, South Africa. It is located slightly inland of Umdloti, just over 30 kilometres north of the city of Durban, and 2.6 kilometres to the south of Durban's King Shaka International Airport.

The community is renowned as being the location of an important roosting site for the European barn swallow and accordingly attracts visitors to the area mid October to mid April.

The property consists of two buildings and rental sections are equipped with prepaid water and electricity meters and offers due to its configuration, great potential for Air B&B or a guest house. This property is for sale by public auction and terms and conditions apply.

Residential Type:
Web Reference:
List price:
Price undisclosed
6 Charles Street, Mount Moreland, KwaZulu Natal
Property Extent:
±1701 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road

Auction Date:
18 February 2020 11:00 am

Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required

Property has been Sold

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