5 Freestanding Townhouses on One Erf

R1,895,000

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
1962
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

Data

Object TypeHouse
Purchase PriceR1,895,000
Living Space1962 m²
Plot Size1962 m²
Bathrooms2
Construction YearN/A
ConditionNot specified
Rooms10

Financial Information

RatesN/A
LevyN/A
Special LevyN/A

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