Sale
South Africa

2

Beds

2

Baths

Apartment 2 beds 2 baths

About this property

Step into an exceptional investment opportunity in the iconic Oceanic building, perfectly positioned on John McIntyre Road at the heart of Durban's vibrant North Beach. This spacious two-bedroom, two-bathroom apartment combines open-plan contemporary living with unbeatable coastal convenience — mere steps from the world-renowned Golden Mile beachfront promenade.

Both bedrooms are generously proportioned and each enjoys its own private en-suite bathroom, delivering maximum privacy and flexibility — ideal for shared occupancy, a young family, or a high-yielding rental portfolio. The open-plan kitchen is well-appointed with white cabinetry, dark granite-effect countertops, tiled splashbacks, and ample under-counter storage. It opens directly onto a dedicated dining area — clearly visible in the photos with a solid timber six-seater dining set — and flows into a comfortable lounge, creating a bright, social living environment.

The Oceanic building presents a professionally managed reception lobby with 24-hour CCTV surveillance, security monitoring screens, and controlled-access entry — giving owners and tenants confidence in day-to-day safety. Residents benefit from a communal swimming pool and a dedicated parking bay.

The location is second to none: Amphitheatre Garden & Lawns is within 125 m, SPAR North Beach is roughly 350 m away, and a variety of restaurants and cocktail bars — including The Grill Jichana Durban and Tall Ships Cocktails — are within easy walking distance. UNISA's Durban Stanger Street campus is approximately 500 m away, broadening the rental appeal to students and academic professionals alike.

With strong short- and long-term rental demand driven by the Golden Mile's perennial tourism appeal and proximity to Durban's CBD amenities, this apartment represents a compelling addition to any investment portfolio.

Rooms & layout

Bedroom × 2
Bathroom × 2
Lounge
Dining Room
Kitchen
Parking Bay

Features & amenities

beachfrontpoolsecurityparkingopen planen suite bathroomsinvestment opportunitycoastal lifestylecommunal pool24 hour cctv security

Price & ownership

Asking price R 1 150 000
Municipal valuation -

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

Property price R 1,2M
Taxes + legal + admin fees R 25,5K

Rough split: 97.8% purchase price, 2.2% buying costs.

  • Asking price R 1 150 000
  • Deeds Office (transfer) R 999
  • Conveyancing (est., incl. VAT) R 24 437
  • Deeds lodgement R 52
  • Total indicative R 1 175 488

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

R 10 860 /month

Total paid over 20 years (deposit + repayments): R 2 721 352

Deposit 10% · R 115 000
Loan term 20 years
5 yr 30 yr
Interest rate 11.25% p.a.
5% Prime ~11.25% 20%

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 1 035 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.