Property description
Seller considering offers from R3 995 000
Ideal investment property, currently generating a gross rental income of +- R36k per month for the main house and two fully furnished, short term rental friendly bachelor flats with their own separate entrance. Well located in West Beach, less than 1km from the beach.
The property comprises a total of five bedrooms if one includes the two bachelor flats, with the main house being split over two levels, with the living area; lounge, kitchen and enclosed sun-room downstairs and three bedrooms and two bathrooms upstairs. Outside is a low maintenance courtyard that is used exclusivity by the main house tenant. The two bachelor flats are located on the side of the property, that share a separate entrance from the main house, each with their own bathroom and kitchen. The property has recently gone off-grid, with solar panels having been installed and a backup inverter at a cost of +- R180 000. There is a driveway space to park two vehicles and grass area for parking additional vehicles.
Under Roof Floor Area: +- 160 sqm
Erf Size: +- 324 sqm
* Please note the interior photos of the main house are for reference purposes only and were taken when the property was staged a few years ago, they are not an indication of the current condition of the property.
- Flatlet
- Pets Allowed
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
