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5 Freehold properties offering excellent guest house potential, near beach front
R 6,400,000
Can I afford this?
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4 months ago261 views
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General Details
Location:
For Sale By:Agency
Description
Vartrust presents this unique opportunity to an investor in the Guest House or Accommodation space to own these 5 Freehold properties. The properties are located on a quiet street corner, are a walk to the beach front and a stone throw away from the East London International Convention Centre, shops and restaurants. Collectively these properties offer 52 bedrooms of which 34 are ensuite. Some of the properties are double storey and offer sea views and a glimpse of the East London harbour from the balconies. Between them these properties share two pools.
What an excellent opportunity to own a seaside Investment property, offering so many possibilities.
The property was previously used as a student residence.
Call me for a viewing
Has Pool
Property Reference #: RL4230
Agent Details:
Nomthandazo Mtshemla
Vartrust Real Estate
Kutoroka
Scorpion Trail
Midrand
What an excellent opportunity to own a seaside Investment property, offering so many possibilities.
The property was previously used as a student residence.
Call me for a viewing
Has Pool
Property Reference #: RL4230
Agent Details:
Nomthandazo Mtshemla
Vartrust Real Estate
Kutoroka
Scorpion Trail
Midrand
Id Subtitle 1253265922
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No. of years
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Estimated monthly repaymentR 69,358
Total property loan amountR 6,400,000
Total interestR 10,245,741
Total repaymentR 16,645,741
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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Vartrust Real Estate
Selling for 7+ years
Total Ads292
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The Property Auctioneering CO.
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registration.
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