R4,700,000
R4,700,000
Monthly Bond Repayment R48,512.85
Calculated over 20 years at 11% with no deposit.
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Monthly Rates
R4,800
R4,800
PRIME SITE FOR DEVELOPMENT IN THE HEART OF OVERPORT
This prime property, located just 200 meters from The Atrium Shopping Centre on Peter Mokaba Ridge Road in the high-demand Overport area, presents an excellent investment opportunity. It currently features a house and a double-story outbuilding that has been converted into medical rooms.
House:
Two sections:
Section 1: Includes 2 rooms, a reception area, and a bathroom.
Section 2: Features 2 rooms, a large kitchen/room, reception area, bathroom, and a separate toilet.
The house is currently occupied by two tenants, making it a stable income-generating asset.
Outbuilding:
Upstairs: Comprises 3 rooms, a reception area, a kitchen, 2 bathrooms, and a small balcony.
Downstairs: Contains 2 rooms, a reception area, a kitchen, and a bathroom. The downstairs unit is currently vacant, offering an opportunity for immediate use or rental.
Parking:
Provides space for about 8 cars, ensuring ample parking for tenants or visitors.
Location & Surroundings:
Situated next to other properties that have been converted to commercial use, as well as sectional title developments, the property enjoys a prime location in a high commercial demand area. This makes it ideal for use as offices (business brokers, business sales), medical rooms, or other commercial purposes.
Investment Opportunity:
This is a fantastic chance to own property in a high-demand area, where you can avoid paying high rents for A-grade office spaces. Whether you're looking to use the space for your own business or lease it out, this property offers great potential for both.
Key Features:
Prime location within close proximity to The Atrium Shopping Centre.
Commercial zoning ideal for businesses, medical practices, or offices.
Existing tenants and an available unit for additional income or occupancy.
Potential for future growth and development in a high-demand area.
If you're seeking a property that combines commercial viability, tenant income, and the chance to own your space, this is an opportunity you don’t want to miss.
Features
Interior
Bedrooms
9
Bathrooms
5
Kitchens
2
Reception Rooms
4
Studies
2
Exterior
Garages
2
Carports / Parkings
8
Flatlet
1
Sizes
Floor Size
250m²
Land Size
591m²
Overport, 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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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.
