Property
Description
Property Description
High-Yield Mixed-Use Investment Opportunity – Projected Monthly Income of R120,000 to R150,000 A Rare First-Time Offering on Effingham Road Elite Realty is proud to present this exceptional 19-unit mixed-use investment opportunity, strategically positioned along the high-traffic Effingham Road. Situated on an expansive 2,159 m² site, this property offers investors an attractive combination of established rental income and significant value-add potential. The property comprises 15 residential apartments and 4 retail units, currently fully occupied by established commercial tenants, including a motor vehicle repair garage and a community-serving car wash. With targeted renovations, aesthetic improvements and strategic property management, an investor has the opportunity to unlock the property's full potential, with projected monthly rental income of between R120,000 and R150,000, subject to market conditions, rental demand and the successful implementation of improvements.
The property further benefits from generous parking facilities at both the front and rear, providing convenient access for residents, retail tenants and their customers. Its prominent road frontage and high-visibility location enhance its appeal as a long-term investment with opportunities for rental growth and capital appreciation. This is a rare opportunity to acquire an established mixed-use asset with multiple income streams and the potential to significantly enhance its overall performance.
Features
19 Income-Generating Units: A diversified mixed-use investment comprising residential and commercial components.
15 Residential Apartments: Established residential accommodation with the potential for rental optimisation.
4 Retail Units: Street-facing commercial premises offering strong visibility and accessibility.
Established Commercial Tenants: Includes a motor vehicle repair garage and a car wash serving the surrounding community.
Value-Add Potential: Scope for renovations, aesthetic upgrades and improved property management to enhance rental returns.
Projected Monthly Rental Income: R120,000 to R150,000, subject to achieving the anticipated rental levels.
Generous Parking: Ample parking at both the front and rear of the property 10-15 Parkings
Strategic Location: Positioned on Effingham Road, offering prominent exposure and convenient access.
An exceptional opportunity for investors seeking a multi-income property with substantial value-add potential and the prospect of enhanced rental returns.
Area Description
Red Hill is an established suburb on the northern side of Durban, within the Durban North area of the eThekwini Metropolitan Municipality in KwaZulu-Natal. The area combines residential neighbourhoods with busy commercial corridors such as Effingham Road, and is characterised by strong passing traffic, mixed-use and retail activity, and steady rental demand. The subject property enjoys a prominent, high-visibility position on Effingham Road, close to a range of schools, shopping centres and medical facilities in and around Red Hill and Durban North, including Kensington Square, the Rinaldo Centre and area hospitals. The location is well connected to the surrounding arterial and highway network, including the M19, the N2 and Queen Nandi Drive, giving convenient access to the Durban CBD, the northern suburbs and the greater metro. The combination of high exposure, established infrastructure and sustained rental demand makes it a well-positioned location for a mixed-use income-producing investment.
Area Amenities
Sunshine Montessori School, Red Hill – approximately 0.2 km
North Crest Primary, Park Hill – approximately 1.0 km
Lenmed eThekwini Hospital – approximately 2.1 km
Kensington Square, Durban North – approximately 2.4 km
Rinaldo Centre, Durban North – approximately 2.6 km