Parkgate – 108 Diakonia Ave

Description

This 47m² apartment is located in the building called Parkgate on Diakonia Ave in Albert Park, over looking the park and harbour.    The living area has enough space for a full lounge and dinning room table and the sleeping recess can easily fit a double bed. Decent size separate kitchen that is open plan to the kitchen.   24 Hour security with strict access with a live in supervisor. There is thump print turnsyle access to the building.

Why I think this is a good deal

Current rental of R3700 can easily be increased to R4300 to R4500. (as this is what 1 bedroom apartments are achieving in the area)

As prices have risen on the Victoria Embankment (Esplande), so they are spilling over to the Albert Park area, especially the well run buildings with views like Parkgate. The building is directly opposite the Metro Police offices.

This Art Deco building is well run and popular with tenants.  The location is central and would attract tenants that are working next door at the Metro Police offices,  Transnet, the Municipality, Call Centres ect.

With Durban under going major building projects throughout the City, this will be one of the last remaining areas for great prices and high rental demand. With the prices rising on the Victoria Embankment (Esplande) entry level properties are being snapped up by both investors and the ever growing first time buyers entering the market.

Calculation