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2 Bedroom Apartment Block For Sale in Park Rynie

R3,200,000


Monthly Bond Repayment R34,678.63
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RL3501

Investment Opportunity Park Rynie

he property is walking distance from shops and the main Park Rynie beach is about 100m away. King Shaka International Airport is about 100km away and within a 5 minute drive you will find shopping malls, restaurants, diving centers, surfing spots and shark cage diving close by. Beautiful beaches and golf courses. Great investment!
One plot has 12 Units on it and the other is vacant land, total size of 5734sqm. 6 Units have 2 bedrooms with a kitchen, lounge with a bathroom and 6 more units that are basement bachelor units.

Property has a lot of potential and can be renovated to generate a good rental income. Some units are occupied at the moment, other require repairs and maintenance. Property is sea facing and walking distance to the beach. Perfect location in a growing town. There is a demand for rental properties in this area. Enjoy beautiful sea views.

Looking for a good investor to bring out the potential in this investment property. All amenities are nearby including supermarkets,.

Features

Bedrooms 2
Bathrooms 1
Recep. Rooms 2
Land Size 6,003m²
Carports/Parkings 1
Pets Allowed Yes
Monthly Rates R20,000.00

Agent Contact Details

Johann Coetzer
Non-Principal Property Practitioner
Registered with PPRA
(FFC 119 359 5)

Cell 0790505161
Office (031) 942 2999
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