STUDENTACCOMODATION FOR SALE - ESSENWOOD ROAD
INVESTMENT OPPORTUNITY | R65,000 MONTHLY RENTAL INCOME
Established Student Accommodation Business – Prime Musgrave Location
Positioned along the highly sought-after Essenwood Road in Musgrave, this income-generating property presents an attractive investment opportunity for business-minded buyers seeking an established rental operation in a prime Durban location.
Currently operating as student accommodation, the property accommodates 22 students and generates approximately R65,000 in monthly rental income, making it an appealing prospect for investors looking to enter or expand within the student housing market.
The property offers six bedrooms, a spacious kitchen, a covered patio and a swimming pool, complemented by practical facilities designed to support its current accommodation use. Additional features include two helpers' rooms, a separate storage room, an outdoor pool washroom, a tandem double garage and a single carport, providing valuable additional space and functionality.
Its strategic location within walking distance of Masjid Salaam and Durban Boys' High School enhances its appeal, with convenient access to key amenities and established educational institutions.
An opportunity to acquire an established income-producing property in a sought-after area, with existing rental income and potential for future operational optimization. Ideal for property investors seeking to strengthen their portfolio with a student accommodation asset in Musgrave.
Established Student Accommodation Business – Prime Musgrave Location
Positioned along the highly sought-after Essenwood Road in Musgrave, this income-generating property presents an attractive investment opportunity for business-minded buyers seeking an established rental operation in a prime Durban location.
Currently operating as student accommodation, the property accommodates 22 students and generates approximately R65,000 in monthly rental income, making it an appealing prospect for investors looking to enter or expand within the student housing market.
The property offers six bedrooms, a spacious kitchen, a covered patio and a swimming pool, complemented by practical facilities designed to support its current accommodation use. Additional features include two helpers' rooms, a separate storage room, an outdoor pool washroom, a tandem double garage and a single carport, providing valuable additional space and functionality.
Its strategic location within walking distance of Masjid Salaam and Durban Boys' High School enhances its appeal, with convenient access to key amenities and established educational institutions.
An opportunity to acquire an established income-producing property in a sought-after area, with existing rental income and potential for future operational optimization. Ideal for property investors seeking to strengthen their portfolio with a student accommodation asset in Musgrave.
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While every effort will be made to ensure that the information contained within the Legacy Real Estate Group website is accurate and up to date, Legacy Real Estate 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.