Promising investment potential in KZN's South Coast.
Category Advice
Experts believe that investors looking to secure a good pension and earn passive income should have buy-to-let property investment at the top of their list. The South Coast of KwaZulu Natal is famous for its beautiful coastline and small towns where residents enjoy the tropical atmosphere. There are numerous reasons why the KwaZulu Natal South Coast is an ideal location for buy-to let investors, such as:
1. Ideal Location
Due to its location and temperate climate, holidaymakers from around the country have made the South Coast their primary holiday destination. The South Coast offers convenient access to Durban at just an hour and a half drive along the N2. The King Shaka International Airport is situated a mere 2 hours away, granting easy access to holiday goers from all corners of the country.
2. Entertainment
There are a myriad of restaurants and activities which draw in tourists year-round, thereby providing ample opportunities for buy-to-let investors. The Waffle House situated in Margate is a famous restaurant, well-known in South African households across the country. The restaurant serves a large variety of waffles, situated on the Blue Lagoon next to the beautiful indian ocean.
3. Ample Choice of Tenants
The South Coast is a popular holiday choice amongst all walks of life and income levels, from young students to families to pensioners. The broad range of activities available to tourists, provides a choice of entertainment to any age-group or preference. Relax on the beach, gamble at the Wild Coast Casino or play golf at the popular San Lameer golf course. This provides investors with a broad choice of clientele and tenants to rent their holiday home to.
4. Choice of Property Types
The South Coast also offers a broad range of property types to suit any buy-to let investor. Properties can range from spacious spacious houses to apartments, complexes, and everything in between. Smaller 2 bedroom flats can range from R700-R900 000, with spacious family homes ranging from R1.8 to 4 million. This leaves investors with a variety of properties to suit a range of budgets.
The South Coast offers investors choice and affordability in terms of property types and tenants. Its broad range of entertainment options, golden beaches and tropical climate draws in a steady flow of holidaymakers each year, leaving investors with a steady flow of tenants.
Author: Dormehl Property Group
