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20 Dan Pienaar Drive, Port Shepstone, Port Shepstone, KwaZulu-Natal
R 2 100 000
Versatile Multi-Dwelling Property with Income Potential in a Convenient Location. Ideally located within walking distance to a popular high school and close to hospitals, shopping centres and other essential amenities, this versatile property presents an outstanding opportunity for both investors and extended families looking for space and income potential.The main dwelling offers a comfortable three-bedroom home featuring a neat kitchen, dining area flowing seamlessly into the lounge, and one bathroom with a separate toilet The main house will be sold as furnished with an exception of all personal items. A swimming pool is also located on the property and, with a little attention, could become a great entertainment feature.Beneath the main house is a spacious lower-level flatlet comprising two bedrooms, a bathroom and kitchen. This section is currently separated from the main dwelling but can easily be reopened to create one large family home. One of the generously sized rooms in this section was originally a garage and could easily be converted back if required.Adding further value is a second dwelling consisting of two separate one-bedroom units, each offering a bedroom, bathroom, lounge and kitchen perfect for generating rental income or accommodating extended family members.The property also includes staff accommodation, consisting of a room and bathroom attached to the main dwelling.Currently, three of the units are tenanted, generating a combined rental income with two units at R4 000 each and the lower flatlet at R5 000 per month, inclusive of utilities. The existing tenants can remain in place for buyers seeking immediate rental returns, or notice can be provided should the new owner prefer vacant occupation.With multiple dwellings, flexible living options and excellent rental potential, this property offers a rare opportunity to secure a versatile investment in a convenient and well-established location. Show more Show less
Estimated monthly repayment
R 19 831
on a R 1 890 000 bond over 20 years at 11.25%
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20 Dan Pienaar Drive, Port Shepstone, Port Shepstone, KwaZulu-Natal
Listed by
Mpho Pretorius
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