Isipingo Rail - MR611390

Land in Isipingo Rail, Durban - South Coast, Kwa-Zulu Natal

R 3,490,000

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512m2
1026m2
Isipingo Rail - MR611390
Land in Isipingo Rail, Durban - South Coast, Kwa-Zulu Natal
R 3,490,000
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Key Features

Services

  • Rates and Taxes R6100 .

More Features

  • Property Type - Land
  • Seller Type - Private Property
  • Floor Area - 512m2
  • Erf Size - 1026m2
  • Price per square floor meter - R6,816 per m2
  • Price per square erf meter - R3,402 per m2

MyRoof Stats

  • 110 Views
PID=611390 DID=635640 SID=1

This property was originally a factory space with a retail section at the front, facing the street. This downstairs section is 512 sq m with a floor to ceiling height of approximately six meters, with columns on a regular grid. This ground floor area has been converted into 7 residential spaces of 3 rooms each, fetching R29 600 in rental income. Each unit has prepaid [hidden] the first floor, the owner has built 4 x 3 room flats, each fetching R3900 / month for a total of R 15 400. They cover half the roof area and the owner planned to build another 4 units of the same layout - with the potential of another R15 400 rental [hidden] total current rental is R45 000. Rates are R6 100. Each unit has it's own prepaid [hidden] a commercial option, the ground floor could easily be converted back to a factory space of 500 sq m, leaving the top floor as residential to generate a monthly [hidden] location on Gokul Road is close to the centre of the commercial strip along Phila Ndwandwe Road in Isipingo [hidden] to view.


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