R 6 250 000 | 8 bed property for sale in van ryneveld

Welcome to this stunning property, where elegance meets opportunity! Nestled 80 meters from the beach, this charming block has been skillfully transformed into a collection of 4 modern, income-generating flats whilst still boasting all the authentic architecture such as original Oregon pine floors. All four apartments have a walk-in closet in the passage. Granite tops have been installed in every kitchen. High quality Blutide Shoreline single lever mixer taps are installed in all bathrooms and Cobra taps in all kitchens – each with a 15-year guarantee. The apartments are fitted with prepaid electricity meters, the remodeling has enabled for prepaid water to be added. Three of the four apartments have been let for 12 months and is to be renewed. The fourth is presently occupied by a family member of the owner – with an additional potential R11 000 per month rental income. The total rental income for the 4 units is R42 000. With multiple flats on offer, you have the freedom to tailor your investment strategy to your liking. Whether you choose to rent them out individually, create, create a co-living space, or even convert one flat into your own private residence while enjoying the financial benefit of the others, the possibilities are endless. There are 4 shaded parking bays and 4 unshaded parking bays.