This prominently positioned seven-storey block of flats at 119 Dr Pixley Kaseme (West) Street, Durban, presents an exceptional investment opportunity in the heart of the CBD. The property will be sold by public auction on Thursday, 23rd October 2025, and offers both secure rental income and long-term growth potential.

Locality
The property enjoys a prime location along Dr Pixley Kaseme (West) Street, one of Durban’s busiest arterial routes. Its central position provides excellent accessibility to major transport nodes, retail outlets, public amenities, and employment hubs. With consistently high pedestrian and vehicular traffic, the area maintains strong demand for residential rental accommodation, positioning the property as an attractive income-generating investment.

Improvements
The property consists of a seven-storey building with a versatile layout that combines commercial and residential space. The ground floor is occupied by a large workshop, which is serviced with two offices and ablution facilities, making it well-suited for business operations. Above, from the first to the sixth floors, the building accommodates 72 bachelor flats, with 12 units per floor. Each flat offers a spacious open-plan living area, a kitchenette, and a general bathroom. To ensure efficient utility management and reduced operational costs, all units are fitted with prepaid electricity and water meters. The improvements are functional, income-focused, and designed for durability, ensuring steady returns for an investor. The building is also serviced with 2 lifts.

Income Potential
The property is currently almost fully occupied, with only four flats vacant, reflecting the strong demand for rental accommodation in this node. The building generates a Gross Annual Income of approximately R3,284,000, providing an immediate and reliable revenue stream. With its strategic position, high occupancy levels, and consistent rental inflow, the property offers both stability and potential for further rental growth, making it an appealing investment opportunity.

Surrounding Environment
Situated in the vibrant Durban CBD, the property benefits from an environment that supports long-term rental demand. The area is characterised by a mix of retail, commercial, and residential activity, creating a thriving urban hub that attracts a wide tenant base. Its proximity to schools, transport facilities, and shopping nodes further enhances its appeal to residents, while the steady foot traffic and business activity strengthen the property’s investment profile. This dynamic environment ensures sustainable occupancy and underpins the long-term value of the asset.