5 Freestanding Townhouses on One Erf

Manaba Beach, Margate, KwaZulu Natal, KwaZulu Natal

House

ZAR 1,895,000

• 10 bedrooms
• 2 bathrooms
• 1,962 sqm
• 1,962 m² plot

REDUCED!! Brilliant investment AND A GREAT INCOME GENERATOR!! The ambiance of this property is welcoming, private and tranquil. The many large trees provides an almost magical vibe of privacy and quiet. There are 5 cottages and 4 have under cover parking. Lots of extra parking is available. At least 2 of the cottages are WHEELCHAIR FRIENDLY as well. The cottages has a great sense of privacy and quaintness, though some TLC is needed. The property is move-in ready and is fully tenanted. It generates about R25 000.00 income per month ( excluding electricity ). The first cottage has 3 bedrooms and 2 bathrooms, and is entered through double doors from a large under cover patio. The open plan dining room/ lounge/ kitchen is spacious. 2 of the 3 bedrooms are en-suit, one a full bathroom and one has a shower. All the bedrooms are spacious and bright and welcoming. With 5 cottages on the large property, privacy is maintained to a large degree. All the cottages are fully equipped and nestled in a garden with lots of trees and greenery. The location is ideal for a rental property and that is why it is so lucrative. It is behind the Manaba Spar and close to all amenities, including the beach.…