Description

This bachelor  (43m²) apartment is located in the building called Sheraton.  The large living area has been separated by cupboards to make a recess of bedroom area. By putting in a dry wall and door would enhance the value and rental returns. Decent size separate kitchen and bathroom.   24 Hour security with strict access.

Why I think this is a good deal

If one was to but in a dry wall to separate the living and sleeping area the rental could be increased to R3700 a month, which would make this a cash flow positive investment. The building is being renovated with a new lift and painting. The location is in the middle of the CBD and would attract tenants that are working at Transnet, the Municipality, Call Centres ect.

With Durban under going major building projects throughout the City, this will be one of the last “Cheapies” as entry level properties are snapped up by both investors and the every growing first time buyers entering the market.

Calculations