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R2,680,000 ZAR
East London, Eastern Cape
South Africa
South Africa
5,898.8 sqft ::
548 m2
3 bedrooms
2 baths
Residential For Sale, House
Land size: 15,349 sqft ::
1,426 m2
Sale price per sqm: 278.39
Remarks:
GREAT INVESTMENT OPPORTUNITY !!
This solid low maintenance family home with two delightful income generating flats is a must to view for investors and families alike.
This property has a panoramic view of the Nahoon River valley,. It is fully walled and secure on a large erf and beautiful garden including some mature Palms, Fig trees and many more lush green plants, providing a serene sanctuary for relaxation and peaceful rest.
The two flats are already tenanted with long term reliable tenants, providing monthly income for roughly 38 percent of the monthly bond repayments, at current interest rates.
It is possible to extend the kitchen and also extend the area of the first flat, as the concrete slab is already in place and it simply needs to be walled in and covered.
It then becomes a prospect for a large B&B which can be applied for on application to the local Municipality.
The existing double garage has adjacent space with existing foundations to enable the construction of another 2 garages.
Outside there is sufficient space to accommodate 5 cars using the open area adjacent to the driveway.
A solar geyser also reduces electricity usage and provides hot water constantly.
This property is also very suitable for a growing family and for visiting family members or staff.
Call me today to arrange an exclusive viewing.
This solid low maintenance family home with two delightful income generating flats is a must to view for investors and families alike.
This property has a panoramic view of the Nahoon River valley,. It is fully walled and secure on a large erf and beautiful garden including some mature Palms, Fig trees and many more lush green plants, providing a serene sanctuary for relaxation and peaceful rest.
The two flats are already tenanted with long term reliable tenants, providing monthly income for roughly 38 percent of the monthly bond repayments, at current interest rates.
It is possible to extend the kitchen and also extend the area of the first flat, as the concrete slab is already in place and it simply needs to be walled in and covered.
It then becomes a prospect for a large B&B which can be applied for on application to the local Municipality.
The existing double garage has adjacent space with existing foundations to enable the construction of another 2 garages.
Outside there is sufficient space to accommodate 5 cars using the open area adjacent to the driveway.
A solar geyser also reduces electricity usage and provides hot water constantly.
This property is also very suitable for a growing family and for visiting family members or staff.
Call me today to arrange an exclusive viewing.
Features:
- 1 kitchen
- Kitchen
- Reference Number: ELO-RS01266
- Property Features: Balcony
- Association/Community Features Description: Pets Allowed
- Number of assigned or reserved parking spaces: 2.0
Location:
East London, Eastern Cape, South Africa
Listed By Century 21 East London
The Residential For Sale, House located in East London, Eastern Cape, South Africa is currently for sale. This property is listed for R2,680,000 ZAR. This property has 3 bedrooms, 2 bathrooms and 548 m2. If this property isn't what you're looking for, search Eastern Cape Real Estate to see other Homes For Sale in East London.