17 Bedroom Freehold For Sale in Sea View

R5,500,000

Monthly Bond Repayment R59,603.89
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RL4915

INVESTMENT PROPERTY. URGENT SALE

Situated in the quiet suburb of Seaview, lies this hidden gem. Set on 4047sq meters of land is this golden opportunity to secure a great investment.

Consisting of 14 one-bedroom flats with average rentals of R4000 per month and the main house which can easily generate a further 10000 rental income per month.

Each unit has its own prepaid electricity and water. Parking is available for all units. Remote control access, full cameras around the property, and 24-hour armed response all add to the safety of this gated property.

The main house has 3 bedrooms, 2baths. Very bright and airy. Large unused land at the back which can be further developed to create more units, Suitable for student accommodation as UKZN is around 5kms from here. Excellent returns on investment. Owner retiring. For a viewing don"t hesitate to call me

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Features

Bedrooms 17
Bathrooms 17
Flatlet 14
Recep. Rooms 18
Dom. Accom. 2
Study 1
Garages 2
Land Size 4,047m²
Carports/Parkings 20
Pets Allowed Yes
Monthly Rates R10,000.00