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Income generating property - 2 double story Houses on one stand St Mikes Uvongo with sea views.
R 3,100,000
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Parking:Garage
Description
Welcome to this income-generating property nestled in the picturesque coastal town of St. Mikes Uvongo, offering breathtaking sea views and endless investment potential. Situated on a spacious stand, this property comprises two double-story houses designed to optimize monthly income through rental opportunities.
House 1 features two flats, each thoughtfully designed for comfort and convenience. The upstairs flat (Flat #1) boasts a well-appointed kitchen equipped with a stove and ample cupboard storage, complemented by a spacious open-plan lounge and dining area that extends to a covered patio, providing a perfect vantage point for enjoying the stunning sea vistas. Two bedrooms with built-in closets offer serene retreats, while a full bathroom ensures utmost comfort. Downstairs, Flat #2 offers similar amenities, including a gated backdoor area and provisions for a washing machine, providing a seamless living experience.
House 2 continues the theme of practicality and charm with two additional flats. Upstairs, Flat #3 exudes elegance with its granite-topped kitchen and sliding wood doors leading to a covered patio overlooking the ocean. Two bedrooms with built-in cupboards offer tranquil spaces, while a well-appointed bathroom caters to daily needs. Downstairs, Flat #4 presents a cozy retreat with an open-plan kitchenette, a separate bedroom, and a convenient en-suite bathroom, fenced off for the comfort of furry companions.
Beyond the comfortable living spaces, the property boasts an automated gate entrance, a double garage, and ample parking for at least ten vehicles, ensuring convenience and security for residents and guests alike. Additionally, pre-paid electricity meters and fiber-optic connectivity offer modern amenities tailored to contemporary lifestyles.
Whether you're seeking a fixer-upper holiday home or a savvy investment opportunity, this property promises endless possibilities. Don't miss your chance to own a slice of coastal paradise with this versatile and income-generating gem. Schedule your viewing today and seize the opportunity to make this property your own.
Property Reference #: RL1551
Agent Details:
Jessica Pretorius
Real and Proper T
No 1 Bank Street (Corner Bank Street and Marine Drive)
Margate
KwaZulu Natal
House 1 features two flats, each thoughtfully designed for comfort and convenience. The upstairs flat (Flat #1) boasts a well-appointed kitchen equipped with a stove and ample cupboard storage, complemented by a spacious open-plan lounge and dining area that extends to a covered patio, providing a perfect vantage point for enjoying the stunning sea vistas. Two bedrooms with built-in closets offer serene retreats, while a full bathroom ensures utmost comfort. Downstairs, Flat #2 offers similar amenities, including a gated backdoor area and provisions for a washing machine, providing a seamless living experience.
House 2 continues the theme of practicality and charm with two additional flats. Upstairs, Flat #3 exudes elegance with its granite-topped kitchen and sliding wood doors leading to a covered patio overlooking the ocean. Two bedrooms with built-in cupboards offer tranquil spaces, while a well-appointed bathroom caters to daily needs. Downstairs, Flat #4 presents a cozy retreat with an open-plan kitchenette, a separate bedroom, and a convenient en-suite bathroom, fenced off for the comfort of furry companions.
Beyond the comfortable living spaces, the property boasts an automated gate entrance, a double garage, and ample parking for at least ten vehicles, ensuring convenience and security for residents and guests alike. Additionally, pre-paid electricity meters and fiber-optic connectivity offer modern amenities tailored to contemporary lifestyles.
Whether you're seeking a fixer-upper holiday home or a savvy investment opportunity, this property promises endless possibilities. Don't miss your chance to own a slice of coastal paradise with this versatile and income-generating gem. Schedule your viewing today and seize the opportunity to make this property your own.
Property Reference #: RL1551
Agent Details:
Jessica Pretorius
Real and Proper T
No 1 Bank Street (Corner Bank Street and Marine Drive)
Margate
KwaZulu Natal
Id Subtitle 1271671455
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Estimated monthly repaymentR 33,595
Total property loan amountR 3,100,000
Total interestR 4,962,781
Total repaymentR 8,062,781
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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