R 2,700,465Prime Investment Opportunity – Urgent Sale Durban, Palmiet
10 4 0 132 m² 2,383 m²
Unlock the exceptional potential of this expansive property located in the heart of Palmiet. Set on a generously sized stand, this versatile investment offers three existing sectional units with ample space to construct a fourth sectional unit, making it an outstanding opportunity for investors, developers, or visionary buyers.
Whether you're looking to renovate, expand, or redevelop, this property provides the ideal foundation to maximize your return on investment. The existing units offer immediate rental income potential, while the additional development opportunity creates scope for increased revenue and long-term capital growth.
The property comprises three sectional units, configured as follows:
Section 1:
5 Bedrooms
1 Lounge
1 Kitchen
1 Toilet
1 Bathroom with toilet and shower
Section 2:
1 Bedroom
1 Open-plan bedroom
1 Kitchen
1 Bathroom with toilet and shower
Section 3
3 Bedrooms
1 Lounge
1 Dining Room
1 Kitchen
1 Toilet
1 Bathroom with toilet and shower
Each unit has a porch or balcony or verandah
Perfect for:
Property investors seeking strong rental yields.
Developers looking to add value through expansion.
Buyers wanting to renovate and create a high-performing income-generating asset.
Property Highlights:
Large stand with excellent development potential.
Three sectional units already established.
Space to build a fourth sectional unit (subject to the necessary approvals).
Outstanding rental income potential.
Ideal renovation and value-add opportunity.
Excellent investment in a well-established suburb.
Close to schools, shopping centres, public transport, and major access routes.
Properties with this level of flexibility and future growth potential are becoming increasingly rare. Whether you're expanding your property portfolio or searching for your next development project, this property presents an opportunity not to be missed.
Invest today, renovate tomorrow, and reap the rewards for years to come. Contact us now to arrange your exclusive viewing.
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Security
Satellite Dish
Pet friendly
Listing Number
7625697
Type of Property
House ( Full Free Title)
Listing Date
29 Jul 2026
Erf Size
2,383 m²
Floor Size
132 m²
Rates and Taxes
R1355
Furnished
No
Bedrooms
10
Bathrooms
4
Family T V Room
1
Kitchen
1
Garage
0
Parking
0
Totally Fenced
Alarm System
Perimeter Wall
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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. PlusGroup does not accept liability for any damages arising from the use of this calculator.
Calculator
Scan here!To start your bond pre-qualification process
*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. PlusGroup does not accept liability for any damages arising from the use of this calculator.