Income-Generating Residential Asset in Parkhill

Bidding to start from R2,000,000 | Live Auction: 4 February 2026!

This property comprises five adjoining duplex residential dwellings situated on a ±2,149m² site in the sought-after suburb of Parkhill, Durban North. The units are of conventional residential construction, offering durable architecture and practical, functional interiors. The homes are in neat, lettable condition, maintained by the current tenants, and provide a stable residential income stream with relatively low ongoing maintenance requirements.

With Residential 1 zoning and approximately ±650m² under roof, this asset presents an attractive opportunity for residential investors seeking a consolidated, income-producing property within an established rental node. The property enjoys good accessibility via Pine Grove, with convenient connectivity to surrounding arterial routes, supporting long-term tenant demand and investment stability.

Key Features

Five duplex residential units on a single erf
Units let on a combination of month-to-month and longer-term tenancies
Residential GLA: ±650m²
Erf extent: ±2,149m²
Zoning: Residential 1 (two-storey permitted)
Projected gross annual income: ±R597,800
Secure garages plus additional on-site parking
Low-density, income-producing residential asset
Monthly rates: ±R60,000 per annum
VAT Registered: No

Location

Located in the established suburb of Parkhill, Durban North, the property benefits from strong residential fundamentals and consistent rental demand. The area offers convenient access to the N2 freeway and M4 highway, reputable schools, shopping centres, medical facilities, and nearby coastal amenities. Parkhill is widely regarded as an affordable entry point into Durban North, making it attractive to both tenants and investors seeking long-term stability.

Auction Terms & Buyer Information

Opening bid: R2,000,000
Buyer costs: 16.5% payable on auction day (10% commission + VAT on commission + 5% deposit)
Registration fee: R50,000 (live bidders) | R100,000 (online/telephonic bidders)

The highest bidder must sign the Auction Sale Agreement immediately upon the fall of the hammer. The sale is subject to reserve, sold voetstoots, and all bidders must provide valid FICA documentation prior to registration.

1 property listing in Park Hill, Kwazulu Natal for sale.

R 2 000 000

650 m²