11 Bedroom House For Sale in Athlone

R7,300,000

Monthly Bond Repayment R79,110.62
Calculated over 20 years at 11.75% with no deposit.

Web Ref No KSY29589

Incredible instant income generating opportunity

This is a WOW 2911m2 site with sea views and numerous opportunities to capitalise on. Presently a generous income generating property with further ability to increase your return.

This property comprises of 7 to 8 units of which 5 are presently happily tenanted. There are 2, potentially, 3 units that only require finishes. Plumbing & electrical work is completed plus up to date CoC. Finishes already on site will be included in the sale. There is a further +/- 300 m2 level space where a completely new unit could possibly be built with permission.

Ample parking with a huge tandem double lock up garage plus plenty undercover parking. The grounds are in excellent condition with a beautiful communal swimming pool. Store rooms plus laundry facilities are a further plus on this property.

Don't miss out, book your exclusive viewing now to discuss and see the unlimited scope of this incredible investment

Features

Bedrooms 11
Security Yes
Bathrooms 9
Floor Size 1,373m²
Garages 4
Land Size 2,911m²
Carports/Parkings 10
Pool Yes
Pets Allowed Yes
Monthly Rates R4,600.00

Extras Laundry
Built In Braai
Security Gate
Views: Sea / Ocean
Locality: Close To Beach
Locality: Close To Schools
Locality: Close To Shops
Locality: Close To Transport
Living Area: Open Plan
Kitchen: Standard
Heating / Cooling: Electric
Pool: Inground
Garaging / Carparking: Double Lock-up
Land Contour: Flat To Sloping
Condition: Renovator
Window/door Frames: Aluminium
Water Supply: Town Supply
Sewerage: Mains
Outdoor Living: Garden
Garaging / Carparking: Off Street
Condition: Good