- 24
- 5
- 1 012 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 12000.00
Property description
Welcome to an exceptional investment opportunity nestled in a prime location with panoramic sea views. This property presents a myriad of possibilities, primed for conversion into student accommodation, a retirement center, or even a multi-unit development (plans have been drawn up and available). Boasting an approved rezoning decision from special residential 900 to intermediate residential, the groundwork is set for transformative ventures.
What sets this property apart is its existing infrastructure: meticulously planned with internal adaptability in mind. The potential for conversion lies predominantly within, where dry-walling offers flexibility to customize and optimize the space to suit your vision. Equipped with prepaid electricity meters, managing utilities is streamlined for convenience.
Currently, the property boasts 23 rooms, 5 kitchenettes, and 7 bathrooms, providing ample space for diverse living arrangements. With parking for 10 cars and a spacious garden area, practicality meets tranquility on the premises.
Whether you're envisioning a dynamic student hub, a serene retirement retreat, or a modern multi-unit development, this property offers the canvas upon which to craft your investment masterpiece. Embrace the opportunity to harness the coastal charm and potential of this property, where every detail and amenity converge to create a truly remarkable investment prospect.
*ZONING IS INTERMEDIATE RESIDENTIAL 1*
Property Details
- 24 Bedrooms
- 5 Bathrooms
Property Features
- Balcony
- Storage
- Aircon
- Pets Allowed
- Access Gate
- Alarm
- Scenic View
- Sea View
- Kitchen
- Guest Toilet
- Entrance Hall
- Garden
| Bedrooms | 24 |
| Bathrooms | 5 |
| Erf Size | 1 012 m2 |
