R5,500,000
R5,500,000
Monthly Bond Repayment R56,770.36
Calculated over 20 years at 11% with no deposit.
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Monthly Rates
R3,600
R3,600
EXCEPTIONAL INVESTMENT OPPORTUNITY: SECTIONAL TITLE SCHEME WITH LUCRATIVE RETURNS
A rare and highly profitable Sectional Title Scheme is now available in the sought-after Grayleigh, Westville — an investment opportunity that delivers consistent returns. Generating a gross monthly income of R42,000, with rates of R3,600, this property provides a net income of R38,400 per month, a stable yield maintained since 2018.
This fully tenanted scheme comprises two spacious units plus a granny flat, offering both immediate income and future development potential.
SECTION 1
Main Unit:
3 bedrooms, 2 bathrooms, lounge, dining room, fitted kitchen, entertainment area, and double lock-up garage.
Granny Flat: 1 bedroom, open-plan lounge & kitchenette, bathroom, and single lock-up garage.
Rental Income: R16,500 (main unit) + R8,000 (granny flat) = R24,500 per month.
SECTION 2
4 bedrooms, 3 bathrooms, lounge, dining room, kitchen, double garage, and a private pool.
Rental Income: R17,500 per month.
FUTURE DEVELOPMENT POTENTIAL
The property includes Real Rights, allowing for the construction of an additional 4-bedroom unit, enhancing long-term investment value.
PRESTIGIOUS LOCATION & LIFESTYLE APPEAL
Situated in the secure Cowies Hills Estate, this well-maintained complex offers:
Prime Location: Close to shopping malls, top schools, and healthcare facilities.
Security & Peace of Mind: Within a controlled-access estate.
Private Gardens: Ideal for families and pet-friendly living.
Effortless Investment: Low-maintenance, high-return rental property.
This exceptional investment is perfect for smart investors seeking passive income and capital appreciation. Opportunities like this are rare—schedule your private viewing today!
Features
Pets Allowed
Yes
Interior
Bedrooms
8
Bathrooms
7
Kitchens
3
Reception Rooms
6
Studies
1
Exterior
Garages
5
Carports / Parkings
5
Security
Yes
Flatlet
1
Pool
Yes
Sizes
Floor Size
549m²
Land Size
5,478m²
Westville, 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.
