R 5,399,000

R 5,399,000

Exceptional Multi-Unit Investment Opportunity with Established Rental Income in Amanzimtoti
10
Bedrooms
7
Bathrooms
1
Garages
Active

Exceptional Multi-Unit Investment Opportunity with Established Rental Income in Amanzimtoti

Web Ref. MPLS-12065
Land size 1070 m²
Monthly Bond Repayment
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Discover this well-maintained double-storey face brick property in Amanzimtoti, offering a unique combination of spacious family living, multiple income-generating units and excellent versatility. Ideally suited to an investor, extended family or buyer looking to live comfortably on the premises while benefiting from established rental income.

The lower level of the property comprises four separate, fully tenanted flats, providing an immediate rental income stream from established tenants.

The first flat is a spacious three-bedroom, one-and-a-half-bathroom unit, featuring an open-plan lounge and dining area. The kitchen is well equipped with granite countertops, an under-counter oven and hob, creating a practical and functional living space.

The second flat offers two bedrooms and two bathrooms, complemented by a spacious open-plan lounge and dining area. The kitchen features granite countertops, an eye-level oven and hob. The lounge opens onto a private patio where you can relax and enjoy the scenic surrounding views.

Adding further income-generating potential are the third and fourth bachelor flats, each offering open-plan lounge and dining areas with practical kitchens fitted with granite countertops, under-counter ovens and hobs. These units provide excellent accommodation options and contribute to the property's established rental income.

Upstairs, you will find the main residence, offering three bedrooms and two bathrooms and providing the perfect opportunity for the owner to live comfortably on the property while retaining the benefit of the rental income generated by the four flats below.

Entering the main house, you are welcomed by a large undercover patio and entertainment area, an ideal space for entertaining family and friends or simply relaxing. The patio flows into the spacious kitchen, which features granite countertops, an eye-level oven and hob, as well as a separate pantry for additional storage.

The kitchen flows effortlessly into the generous lounge and dining area, creating a comfortable and welcoming central living space. From the lounge, doors lead onto a covered balcony with lovely sea views, providing the perfect setting to enjoy the coastal surroundings.

The main bedroom offers a private en-suite bathroom fitted with a shower, toilet and hand basin, while the second bathroom is equipped with a bath, toilet and hand basin.

Parking is exceptionally well catered for, with six carports, two additional open parking spaces and a lock-up garage, providing ample accommodation for residents and tenants.

For added security and peace of mind, the property is fitted with CCTV cameras and security beams, offering additional protection for both the main residence and rental units.

This versatile property presents an excellent opportunity for an investor seeking established rental income from four already-tenanted flats, while enjoying the benefit of living in a spacious three-bedroom main home on the upper level. With multiple accommodation options, ample parking, security features and scenic sea views, this is a property that offers both lifestyle appeal and income-generating potential.

Live upstairs, earn downstairs and make your property work for you.

Features

Property Type Home
Listing Purpose Sale
Municipal Rates R 2100
Pet Friendly Yes
Occupation On Transfer
Total Floors 2
Property Tags
Double Storey Above Road Sea Tile Conventional Face Brick Aluminium Window Options

Rooms

Bedrooms 10
Bathrooms 7
Kitchen 5

All kicthen's have granite tops

Lounges 5

Amenities

Garage 1

Lock up Automated Gargae

Parking Spaces 8
Flatlet Yes

4 Separate Flats

Stove/Oven
Undercounter Oven Eye Level Oven Hob

Amenities

Dining Room Flatlet Pantry Garden Built in Cupboards Scenic View Sea View TV Fibre Burglar Bars Beams Cameras Remote Access

Disclaimer

While every effort will be made to ensure that the information contained within the Mandated Property Group website is accurate and up to date, Mandated Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.