10
Beds
5
Baths
1,279 m²
Floor area
1,279 m²
Stand size
About this property
This well-maintained five-unit commercial property in the sought-after suburb of Sparks, Durban, offers an excellent investment opportunity with strong rental returns. Set on a generous 1,279 sqm erf, the property comprises 10 bedrooms, 5 bathrooms, and 5 fully functional kitchens, making it ideal for multi-tenant accommodation or a guesthouse-style operation.
Each unit is fitted with tiled flooring, built-in wardrobes, prepaid electricity, and separate water meters, allowing for efficient individual billing. The property also provides ample off-street parking for up to 10 vehicles, a valuable feature for any commercial venture.
Currently generating a total monthly rental income of R34,000, this property offers multiple income streams and excellent long-term potential. Conveniently located near major transport routes and local amenities, it is perfectly positioned for ongoing commercial use or future development.
Rooms & layout
Features & amenities
Price & ownership
Cost to buy (indicative)
Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.
Upfront split
Rough split: 93.7% purchase price, 6.3% buying costs.
- Asking price R 3 700 000
- Transfer duty (est.) R 184 356
- Deeds Office (transfer) R 3 215
- Conveyancing (est., incl. VAT) R 59 945
- Deeds lodgement R 52
- Total indicative R 3 947 568
Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice — confirm with your attorney. Duty uses the higher of price or market value.
Table ref: sars_2025-04-01
Bond Calculator
Total paid over 20 years (deposit + repayments): R 8 755 654
Monthly repayment vs interest rate (deposit fixed at 10%)
Monthly repayment vs deposit percentage (rate fixed at 11.25%)
Indicative estimate only. Loan of R 3 330 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.