Otro for Køb i Durban, KwaZulu-Natal

A Residential Multi-Let Property (Two Properties In One) situated right near Durban University of Technology in the heart of Durban. The Property is made up of two double storey buildings with 60 rooms combined, some single some sharing. The amazing part of this property is that it can be configured in any way which the investor decides in order to maximise profits. The existing owner had converted the one building to operate as Backpackers accommodation whilst the other was used to house students who paid a fixed monthly rental. When filled to capacity these two buildings can house 100 plus students / guests depending on the configuration. The 10 bathrooms and two kitchens are shared by the residents. With flat rights, both buildings have the potential to be developed further.