Mixed Use for sale in Bluff, Durban

Investor Alert! Prime Brighton Beach. Bluff

Mixed Use Development in Brighton Beach. Bluff

Selling Price: R13 500 000

Situated in sought after Brighton Beach on Marine Drive is this mixed-use development with a commercial component on the front wing and 10 x two-bedroom and 1 three-bedroom apartment with fitted kitchens, built in cupboards in all bedrooms and 2 parking bays per unit.

The building affords magnificent sea views and is well located on the transport route. There are 6 Jojo tanks for water harvesting and solar panels to harness the suns energy. Water and electricity are on a pre-paid basis metered.

Current rental per 2 bedroomed apartment is R8 000 p.m.

Current rental per 3 bedroomed apartment is R11 000. P.m. with

Current rental for the commercial component is R30 000 p.m.

Rental capitalization at full occupation:

10 x R8 000 per months per apartment each with there own water and electrical meters

1x R11 000 per month for a 3 bedroom apartment with water and electrical meters.

1 x R30 000 for the Super Market.

1 x R12 000 Boutique shop

+- R130 000.00 p.m. Gross income

= +- R1 500 000 Gross per year passive income.

Come view and lets talk