Property
South Africa

10

Beds

5

Baths

1,279 m²

Floor area

1,279 m²

Stand size

Commercial 10 beds 5 baths 1,279 m²

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

Bedroom × 10
Bathroom × 5
Kitchen × 5

Features & amenities

Commercial propertyMulti unitSelf contained unitsGuesthouseInvestment propertyPrepaid electricitySeparate water metersParkingRental income

Price & ownership

Asking price R 3 800 000
Price per m² R 2 971
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 3,8M
Taxes + legal + admin fees R 259,9K

Rough split: 93.6% purchase price, 6.4% buying costs.

  • Asking price R 3 800 000
  • Transfer duty (est.) R 195 356
  • Deeds Office (transfer) R 3 302
  • Conveyancing (est., incl. VAT) R 61 205
  • Deeds lodgement R 52
  • Total indicative R 4 059 915

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 35 885 /month

Total paid over 20 years (deposit + repayments): R 8 992 293

Deposit 10% · R 380 000
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 3 420 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 3 800 000