Brief Overview

The Berea Lofts is the first conversion of its kind in Durban; it is located in central Durban on Berea Road with incredible views stretching to the harbor. The building will be comprised of 132 lifestyle bachelor apartments each with air-conditioning, fridge and DTSV.

Key points

Prices from R279, 398 to R920, 200
Only 10% deposit
Hassle free rental income at only 8% management fee
Low levies
No VAT
30% UDZ allowance
24 Hours security & secure parking

The Development

Berea Lofts fall within the investor price bracket and the majority of the units sold out early in August 2007, when the building was officially released to the open market. A few of the units came back to the market because of investors not being able to secure the bond amounts that they where looking for, due to affordability and probably the New National Credit Act.

Berea Lofts is fully tenanted & will be managed by Aengus Property Management (APM) which has a proven track record which includes managing its properties at 100% tenancy with waiting lists, zero arrears and control of the body corporate.

» Pre-paid electrical meters
» Modular plumbing systems
» An intercom at reception
» Free 12 channel DSTV