32-Unit Portfolio – Ideal for Residential Turnaround or Student Conversion
Positioned in a high-demand rental pocket of Sea View, this dual-block residential portfolio represents an exceptional "value-add" opportunity for astute property investors, fund managers, or student accommodation developers.
Comprising 32 substantial flats split across two separate plots, within walking distance of each other, the portfolio offers an incredible canvas for immediate optimisation and strategic redevelopment.
Block 1: 20 Units configured as 8 × 1-bedroom and 12 × generous 1.5-bedroom flats.
Block 2: 12 Units configured as 8 × spacious 2.5-bedroom flats, 2 × bachelor flats, and 2 × expansive penthouses.
Currently operating at 36% occupancy rate due to management inefficiencies, not structural limitations. The vacant units are highly lettable as-is or can be quickly optimised with minor cosmetic updates to immediately maximize standard market rentals.
Once stabilised at full occupancy, the asset is modeled to be highly lucrative.
Investment Flexibility:
Capitalise on the high baseline family tenant demand driven by the property's close proximity to local high schools and the Port of Durban employment basin.
Student Accommodation Conversion: Thanks to the high-density layout of the larger 1.5-bed and 2.5-bed units, the portfolio is perfectly configured for a student accommodation conversion. Positioned just 200m from major public transport networks, it offers seamless transit connectivity for tertiary students.
Key Investment Highlights:
Two Separate Erven: Positioned on separate plots , giving the buyer excellent future sectionalisation optionality as a highly profitable exit strategy. Immediate Cash Flow: Secure existing rental income from day one while renovating and tenanting the vacancies.
Excellent Location Fundamentals: Walking distance to schools, 200m from transport, and just 1km from the nearest shopping mall.
The seller requires both blocks to be purchased simultaneously. Full financial breakdown, current rent roll, and expense assumptions are available to qualified buyers upon request.
Contact us today to arrange a private viewing and secure this high-upside portfolio.
Comprising 32 substantial flats split across two separate plots, within walking distance of each other, the portfolio offers an incredible canvas for immediate optimisation and strategic redevelopment.
Block 1: 20 Units configured as 8 × 1-bedroom and 12 × generous 1.5-bedroom flats.
Block 2: 12 Units configured as 8 × spacious 2.5-bedroom flats, 2 × bachelor flats, and 2 × expansive penthouses.
Currently operating at 36% occupancy rate due to management inefficiencies, not structural limitations. The vacant units are highly lettable as-is or can be quickly optimised with minor cosmetic updates to immediately maximize standard market rentals.
Once stabilised at full occupancy, the asset is modeled to be highly lucrative.
Investment Flexibility:
Capitalise on the high baseline family tenant demand driven by the property's close proximity to local high schools and the Port of Durban employment basin.
Student Accommodation Conversion: Thanks to the high-density layout of the larger 1.5-bed and 2.5-bed units, the portfolio is perfectly configured for a student accommodation conversion. Positioned just 200m from major public transport networks, it offers seamless transit connectivity for tertiary students.
Key Investment Highlights:
Two Separate Erven: Positioned on separate plots , giving the buyer excellent future sectionalisation optionality as a highly profitable exit strategy. Immediate Cash Flow: Secure existing rental income from day one while renovating and tenanting the vacancies.
Excellent Location Fundamentals: Walking distance to schools, 200m from transport, and just 1km from the nearest shopping mall.
The seller requires both blocks to be purchased simultaneously. Full financial breakdown, current rent roll, and expense assumptions are available to qualified buyers upon request.
Contact us today to arrange a private viewing and secure this high-upside portfolio.
Monthly Rates
R4,600
Features
Interior
Exterior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Just Property Group website is accurate and up to date, Just Property Group 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.
