Property description

Multi-Unit Investment Property with Medium-Density Housing Zoning

Ideally situated in a prime location just across the Umgeni River, this property presents an excellent opportunity for investors seeking a multi-tenanted income-generating asset or a development project with expansion potential. Dual access, with entrances on two sides of the property, further enhances its appeal and versatility.

The property comprises a main house that has been subdivided into two separate apartments, along with two additional self-contained flatlets. All units are fitted with prepaid electricity meters.

Main House:

The main house is divided into two fully independent units, each with its own private entrance:

Unit 1: Features three bedrooms, one bathroom, an open-plan lounge and dining area, and a generously sized fitted kitchen.

Unit 2: Offers two bedrooms, a lounge, dining area, and a fitted kitchen.

Additional Units:

Unit 3: A modern one-bedroom studio apartment with a fitted kitchen and secure parking.

Unit 4: Comprises two bedrooms, one bathroom, a lounge, a fitted kitchen, and its own parking bay.

Perfectly positioned and generating strong rental income, this property also comes with approved plans for further development—making it an outstanding choice for investors focused on long-term growth.

Conveniently located within walking distance of Riverside Mosque and Riverside Hotel.