This 3 storey block of flats in Durban’s vibrant South Beach precinct presents a rare investment opportunity with both strong current returns and exceptional future potential.

Access control is a key feature, with the building secured through turnstiles and biometric entry, providing peace of mind for both tenants and management.

Comprising 57 bachelor rooms, evenly distributed with 19 units on each floor, the property is designed for efficient occupation, supported by communal bathrooms with showers and toilets on every level. Each unit is fitted with a prepaid electricity meter, while water is conveniently included in the rental, ensuring streamlined utility management.

Currently, all tenants occupy on a month-to-month basis, generating an impressive monthly income of R166,000 (No VAT).

It should be noted that no access was obtained into the basement and rear of the property.

The property fronts onto a quiet cul-de-sac, creating a safe and low-traffic environment with ample road parking directly outside.

With municipal approval, the block is ideally suited to be repositioned as student accommodation, given its proximity to Durban’s tertiary institutions and the high demand for affordable, secure housing in the area.

This property combines consistent income with untapped potential, making it a strategic acquisition for investors seeking growth in the South Beach market.

Camden Place at 8 Keeler Place, South Beach, Durban offers an urban-coastal address that blends with city convenience. The block sits immediately beside the old Wheel Shopping Centre and still exists are instant access to everyday retail, quick eateries and essential services.

Beach and the bustling Point promenade are within walking distance. The property’s proximity to the harbour and Victoria Embankment places it close to maritime activity, port-related commerce and the working heart of the Point precinct — a practical advantage for professionals linked to logistics, shipping or government services.

Tertiary institutions and colleges are within easy reach positioning Camden Place as ideal for students, Civic and government departments that cluster in the nearby precinct add further convenience for those working in public service or legal professions.

Accessibility to major arterial routes, taxi ranks and public transport nodes are all nearby.