34 Stott Street, Manaba Beach, Margate, KwaZulu Natal, Manaba Beach, Margate, KwaZulu Natal, KwaZulu Natal
House for sale in Manaba Beach, Margate, KwaZulu Natal, 34 Stott Street, Manaba Beach, Margate, KwaZulu Natal, 1962 m²
34 Stott Street, Manaba Beach, Margate, KwaZulu Natal, Manaba Beach, Margate, KwaZulu Natal, KwaZulu Natal
R1,895,000
Ref:1504739
10Bed
2Bath
1962m²
Type: House
Description
REDUCED!! Brilliant investment AND A GREAT INCOME GENERATOR!! The ambiance of this property is welcoming, private and tranquil. The many large trees provides an almost magical vibe of privacy and quiet. There are 5 cottages and 4 have under cover parking. Lots of extra parking is available. At least 2 of the cottages are WHEELCHAIR FRIENDLY as well. The cottages has a great sense of privacy and quaintness, though some TLC is needed. The property is move-in ready and is fully tenanted. It generates about R25 000.00 income per month ( excluding electricity ). The first cottage has 3 bedrooms and 2 bathrooms, and is entered through double doors from a large under cover patio. The open plan dining room/ lounge/ kitchen is spacious. 2 of the 3 bedrooms are en-suit, one a full bathroom and one has a shower. All the bedrooms are spacious and bright and welcoming.
With 5 cottages on the large property, privacy is maintained to a large degree. All the cottages are fully equipped and nestled in a garden with lots of trees and greenery. The location is ideal for a rental property and that is why it is so lucrative. It is behind the Manaba Spar and close to all amenities, including the beach. Give me a call and make this property YOUR MONEY SPINNER. The property is zoned as RESIDENTIAL MEDIUM IMPACT 2, for townhouse/ cottages. GREAT POTENTIAL INDEED!! Call me..
Location
34 Stott Street, Manaba Beach, Margate, KwaZulu Natal, Manaba Beach, Margate, KwaZulu Natal, KwaZulu Natal