An outstanding investment opportunity awaits at Kingsway House, 107 Dr Pixley Kaseme (West) Street, Durban. This sectional title portfolio of 25 flats will be offered on public auction on Thursday, 23rd October 2025. With full occupancy and a strong rental income stream, this property presents an attractive proposition for investors seeking scale in the residential market.
Locality
Positioned in Durban’s busy CBD along Dr Pixley Kaseme (West) Street, Kingsway House is situated in an area of high demand for residential accommodation. Its central setting offers convenient access to transport hubs, retail centers, and employment opportunities, ensuring consistent tenant interest. The building’s prime location along one of the city’s major thoroughfares strengthens its investment profile and supports sustainable occupancy.
Improvements
The property comprises 25 sectional title units within the well-known Kingsway House building, which is serviced with a lift for easy access to all levels. The unit mix includes 12 bachelor flats measuring 53 m² each, four 79 m² flats, and nine 85 m² flats, the latter 13 being spacious 1.5-bedroom units. Each flat is well-proportioned and suited to the needs of urban residents, combining functional layouts with generous living areas.
Income Potential
The property is fully tenanted, demonstrating its strong appeal to the rental market. The bachelor flats are leased at R5,300 per month, while the 1.5-bedroom units achieve R6,300 per month. Together, the portfolio generates a gross monthly income of approximately R145,500, providing investors with an immediate, reliable revenue stream backed by stable tenancy.
Surrounding Environment
Durban’s CBD remains a vibrant and diverse hub of economic and residential activity. The property benefits from being in close proximity to shopping facilities, transport routes, schools, and business nodes, creating a desirable environment for tenants. This strong surrounding infrastructure, combined with steady rental demand, ensures that Kingsway House remains a sought-after address for residents and a solid investment for landlords.
