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Income Earning Opportunity- Four flats in one!!
R 2,300,000
Can I afford this?
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3 months ago55 views
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General Details
Location:
For Sale By:Agency
Description
*SOLE MANDATE*
Whether it's Air B&B or long term letting you are considering, this property is ideal in so many ways and offers great options all around. Whether you wish to rent out all four flats, live in one and rent out the others, or to run your very own Air B&B , this property will tick the box in terms of location and proximity to the beach, along with sea views, all big pluses for Air B&B. Situated close to both the Uvongo main beach and Lucien Beach, this well positioned holiday home is just a road back from the ever so popular Lilliecrona Blvd, allowing your guests to take advantage and walk, run or ride their bikes along this popular stretch.
The property is made up of the following flats, each with their own prepaid meters and the rental on each includes water.
Downstairs : 1 bed flat with bathroom and kitchenette R 3500
2 bed flat with lounge, kitchen and bathroom R 4500
2 bed flat with bathroom, kitchen R 5000
Upstairs: Very modern, refurbished 1 bed, 1 bathroom , kitchen, lounge, bar area ,covered balcony with jacuzzi and laundry R7000
Total rental income of R20 000
The property has back up water, is on main line sewage, offers sea views, and fully electric fenced all around. Secure parking for up to 4 cars.
Property Reference #: TPR11243
Agent Details:
Melissa Flanagan
Tyson Properties
112 Main Road
Shelly Beach
KZN South Africa
4270
Whether it's Air B&B or long term letting you are considering, this property is ideal in so many ways and offers great options all around. Whether you wish to rent out all four flats, live in one and rent out the others, or to run your very own Air B&B , this property will tick the box in terms of location and proximity to the beach, along with sea views, all big pluses for Air B&B. Situated close to both the Uvongo main beach and Lucien Beach, this well positioned holiday home is just a road back from the ever so popular Lilliecrona Blvd, allowing your guests to take advantage and walk, run or ride their bikes along this popular stretch.
The property is made up of the following flats, each with their own prepaid meters and the rental on each includes water.
Downstairs : 1 bed flat with bathroom and kitchenette R 3500
2 bed flat with lounge, kitchen and bathroom R 4500
2 bed flat with bathroom, kitchen R 5000
Upstairs: Very modern, refurbished 1 bed, 1 bathroom , kitchen, lounge, bar area ,covered balcony with jacuzzi and laundry R7000
Total rental income of R20 000
The property has back up water, is on main line sewage, offers sea views, and fully electric fenced all around. Secure parking for up to 4 cars.
Property Reference #: TPR11243
Agent Details:
Melissa Flanagan
Tyson Properties
112 Main Road
Shelly Beach
KZN South Africa
4270
Id Subtitle 1259120936
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Estimated monthly repaymentR 24,926
Total property loan amountR 2,300,000
Total interestR 3,682,063
Total repaymentR 5,982,063
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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Tyson Properties
Selling for 3+ years
Total Ads179
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