BUSINESS OPPORTUNITY ON THE BEACH

R 3,250,000

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25 days ago70 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):2
Bathrooms (#):1
Size (sqm):56
Parking:Garage
Description
Outstanding Investment opportunity for the savvy Airbnb investor. Excellent ROI.
Driftsands Complex - Uvongo Sea Front Holiday Apartments - 4 Available as a going concern, already registered in a CC.

All 4 Units are ready to earn an income.

The four apartments are all sea facing and have an unobstructed full sea & breaker view. Consisting of 2 Bedrooms, Bathroom, lounge open plan kitchen and covered patio with unobscured 180 degrees sea view. Fully furnished Self-Catering 6 Sleeper Units. The units are wheel-chair friendly.

The complex is very neat and well managed it boosts a communal pool, braai area and kids' jungle Gym. Each unit has 1 dedicated covered parking and ample parking for additional cars. A Security Guard is employed to patrol the complex during the evenings and the complex is fully fenced electrified and safe. It is a beach front property and has own entrance to beach.

The Complex is walking distance to the Uvongo Main Beach with the lagoon offering paddle boat rides. The beach offers a fishing pier, shark nets, full time lifeguards, surfing and boogie boarding. The children's tidal swimming pool is across the road from the complex. A Beachside Cafe on the way to the beach with public toilets serves takeaways and ice-creams.

Uvongo is part of the Margate (KZN) municipal area which offers night clubs, shopping malls, golf courses, restaurants, beauty spas, medical facilities, along with a host of other tourist activities and amenities. Margate's local airport allows for ease of access to the rest of South Africa, linking Margate to all major airports for international travelers.
Amenities in the vicinity of the Driftsands Complex - walking distance to the Uvongo business center which includes a Supermarket, liquor store, Butchery, Public Library, Post Office, Bank ATMs, Petrol Station, 5 x Restaurants, Doctor, and Dentist, ect.

Other sport and recreational facilities - Local Fishing, Golf, Bowling greens, Tennis, Bird Park, Nurseries, ect (+- 5min drive)
Drive 4 Km to Margate - Cinemas, Night Clubs, Mini Putt-Putt, ect.
Drive 3 Km to Shelly Beach Centre - shopping mall, Ski-Boat club and launching for Deep Sea Fishing and diving or day trip outings, ect.
Drive to the Crocodile farm (+- 15min), Oribi Gorge nature reserve (+- 35min)
Drive to the Wild Coast Casino (+- 35min)
Whale (May - Nov) & Dolphin (All year round) watching can be enjoyed, directly from your own Apartment Patio / Balcony.

Contact us for additional information and a breakdown of daily in-season and out of season accommodation rates currently charged.

Please contact Des & Daryl to arrange a viewing.

Has Pool
Property Reference #: RL3448

Agent Details:
Desmond Volker
Jack Russell Estates
85 Linksfield RoadEdenvale1609

Id Subtitle 1272143254
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Estimated monthly repaymentR 35,221
Total property loan amountR 3,250,000
Total interestR 5,202,916
Total repaymentR 8,452,916
Interest rate at 11.75% for 20 years *
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