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Sunset Rocks - Long Term Llandudno Investment Opportunity

R 14,000,000

Can I afford this?
11 months ago286 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):991
Parking:Garage
Description
CONDITION OF SALE
The sale of the property is subject to this reduced price on condition that the current owner (seller) of 70 years old will be entitled to a rental lease agreement for a maximum of twenty years, whereby the buyer will only have vacant occupation upon termination of this lease agreement.

A very exciting long term investment opportunity now available in the unique coastal suburb of Llandudno.

Secure, this 6 bedroom, 4 bathroom older home in a wonderful location overlooking Sunset Rocks just 100m from the stunning coastline and Sandy Bay Nature Reserve.

With gorgeous panoramic ocean and mountain views, this property is just 5 minutes stroll to the superb beaches of Sandy Bay and only 10 minutes walk along the coastal path to Llandudno beach which is also considered one of the most beautiful beaches on the Atlantic Seaboard.

Without a doubt one of the most stunning and safe suburbs in South Africa, this location is an exceptional investment for a future dream home in the unique coastal bay of Llandudno.

CURRENT MARKET VALUE: R22 000 000




Erf no. 2327
Main House:
247sqm
Open plan lounge, dining room and kitchen
Two small bedrooms with shared bathroom, (WC, basin, bath, shower over bath)
One bedroom en suite bathroom (WC, basin, bath, shower over bath) with study
Tandem garage for two cars
Solar geyser
Small load shedding backup system for internet, lights and TV
35m3 free form swimming pool
Patio with garden view
Lovely wooden deck surrounded by trees with pretty sea views.

Separate upstairs apartment with its own entrance:
127sqm
Two small bedrooms, sharing one bathroom (shower, basin and WC)
One small separate study/studio/bedroom with one en suite (basic and WC)
Open plan kitchen, dining area and lounge with hot & cold air conditioner
West facing 16sqm private balcony
16sqm extended wooden deck with magnificent unrestricted sea, sunset and mountain views
Prepaid electricity meter
Solar geyser
Small load shedding backup system for internet, lights and tv
Fibre internet
One partially covered, secure off-street parking bay for a standard size car

# Parking: 1
Property Reference #: 1115

Agent Details:
Margie MacKenzie
Cape Waterfront Estates
43 Victoria Ave, Hout Bay, South Africa, 7806
Cape Town

Id Subtitle 1288855935
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Estimated monthly repaymentR 151,719
Total property loan amountR 14,000,000
Total interestR 22,412,558
Total repaymentR 36,412,558
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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Cape Waterfront Estates
Selling for 8+ years
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