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🏢 Prime Investment Opportunity – Fully Let Block of Flats in Morningside 💰✨

An exceptional income-generating property in the heart of Morningside, offering high rental returns and long-term investment security.

📊 Financial Overview:
💵 Monthly Rental Income: R162,500
📅 Annual Rental Income: R1,950,000
✅ Fully Tenanted – A lucrative and stable asset.

🏠 Property Features:
🔹 25 Fully Equipped Units – Each designed to accommodate 4 occupants, making it ideal for student or tenant accommodation.
🏡 Each Unit Includes:
✔️ Fully Fitted Kitchen – Modern appliances for convenience.
✔️ Toilet & Shower – Sleek and contemporary finishes.
✔️ 4 Single Beds – Maximizing space efficiency.
✔️ Porcelain Tiles – Elegant and low-maintenance flooring.
✔️ Fridge & Microwave – Essential amenities for tenants.

📡 Modern Amenities & Security:
🔸 Capacity for 100 Tenants – Ideal for student housing or shared accommodation.
🔸 CCTV & WiFi – Ensuring security and seamless connectivity.
🔸 On-Site Parking – Space for 12 vehicles.
🔸 Commercial Spaces – Includes a salon & massage studio on the ground floor

PRICE EXCLUDES VAT

Features

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12
Building Name:
MICHAEL COURT
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
174m²
Land Size
1,074m²
Parking Bays
Open Parking Bays
12

Morningside, Durban

The city of Durban is rich in culture, warmth and personality. The view of the city skyline with the iconic Moses Mabhida Stadium arch rising from the bay on a crisp blue afternoon is breathtaking. There are miles of gorgeous beaches and vegetation-dense inland hills rising behind the city borders, when the need to get out and explore beckons. This raw beauty has guaranteed that Durban has and always will be a...
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Chris Tyson, chief executive officer of Tyson Properties, says as Africa’s fastest growing city, Durban is an exciting place to work, play and live in.   Tyson explains that KwaZulu-Natal is one of the...
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

282,387.52

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