An outstanding opportunity to acquire a fully let residential complex that offers a diverse range of income-generating units. With a mix of self-contained flats and shared accommodation, the property provides strong rental returns and ease of management, making it an ideal investment for portfolio growth.

Property Breakdown & Features
The complex comprises 4 spacious three-bedroom flats, 3 comfortable two-bedroom flats, 1 one-bedroom flat, and 1 bachelor unit. In addition, there are 3 single rooms with access to shared kitchen and bathroom facilities, ensuring affordability and consistent tenant demand. Parking is well catered for, with open bays for approximately 10 vehicles, two lock-up garages, and an additional storeroom converted from a garage. A further small storeroom between Flats 1 and 2 adds extra convenience.

Security & Facilities
The property is fully fenced and gated, providing a safe and secure environment for residents. All units are fitted with prepaid electricity meters. This setup simplifies utility management and reduces operational risk for the landlord.

Property Locality
Situated at 15 Lorraine Avenue, Umbilo, the property enjoys a convenient central location with easy access to major transport routes and public amenities. The area is well-connected to the Durban CBD, Harbour, and surrounding suburbs, making it a sought-after node for both residential tenants and working professionals who commute daily.

Property Area
Umbilo is a well-established residential and mixed-use suburb of Durban, supported by nearby schools, shopping centres, medical facilities, and public transport. The area has long been recognised for its strong rental market, particularly among students from the University of KwaZulu-Natal, young professionals, and families seeking affordable accommodation close to the city. This consistent demand enhances the property’s long-term investment appeal.