Commercial building in Congella

This is a rare investment opportunity to acquire a 3-storey block of flats strategically located in Congella, Durban, along a busy main route near the Congella taxi rank. The property benefits from high foot traffic and excellent accessibility, making it ideal for residential rental income or future redevelopment.

Positioned close to both the N3 and N2 freeways, the building offers convenient transport links to Durban’s CBD, Harbour, and surrounding industrial areas. The nearby harbour and established industrial businesses further enhance the property's appeal, attracting consistent demand from working-class tenants seeking affordable accommodation close to their place of work.

The building itself consists of three stories and is currently in a poor condition, requiring extensive renovations and upgrades. However, this presents a valuable opportunity for investors or developers to restore and modernize the property, significantly increasing its rental yield and overall value. With the right improvements, this block of flats has the potential to become a high-income generating asset.

Its location near a busy taxi rank ensures constant movement and easy access to public transport, which is a major advantage for tenants. The surrounding area is active and well-established, making it a practical and convenient place to live.

Priced at R3,500,000, this property offers excellent potential for those looking to invest in a well-located building with strong redevelopment prospects. Whether you plan to renovate and rent out the units or reposition the property for a different use, the possibilities are substantial.

Don’t miss this opportunity to secure a high-potential property in one of Durban’s busiest and most accessible areas.

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