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  • Mandate: 30650
  • Added: 26 Oct 2016
  • 1235

Upmarket exquisite house with modern finishes & granny flat in East London

Eastern Cape, East London
1235
Mandate 30650
Added 26 Oct 2016
R 2,680,000* ZAR
Stock: R 0
Assets: R 0
Grant Stuart
(PRINCIPAL)
Aldes Border
Eastern Cape
Eastern Cape
Summary

Modern house in quiet suburb in East london withing walking distance of the beach !! 4 Bedrooms, 3 bathrooms, granny flat and pool with magnificent open plan house flowing onto outside entertainment area, overlooking the sand dunes.

Upmarket exquisite house with modern finishes & granny flat in East London
SELLING PRICE
R 2,680,000* ZAR
Stock: R0
Assets: R0
Summary

Modern house in quiet suburb in East london withing walking distance of the beach !! 4 Bedrooms, 3 bathrooms, granny flat and pool with magnificent open plan house flowing onto outside entertainment area, overlooking the sand dunes.

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Is a property valuation available?
No, but has been recently valued by Estate Agents

What Advertising/Marketing is carried out?
Advertised with various local letting agencies.

Is the property being let by a letting agency?
Not currently, only granny flat is being let privately

Is the business VAT Registered?
No, not Vat registered

What is the monthly rates and taxes payable to local authority?
R 1235 pm Total house area = 328 m2

What rental deposit has been secured from the tenants?
No permament tenants currently, but this could be an opportunity.

How involved is the Owner in running the business?
100%

Do you require a licence?
No licence required, unless one wants to be graded as a 3 or 4 star accommodation bed & breakfast

What are the main assets of the business?
Gorgeous house consisting of 4 bedrooms, three bathrooms, outside (deck) and inside entertainment areas with pool. All bedrooms have full built in cupboards and two of these also have airconditioners. Includes seperate entrance exquisite granny flat, with en-suite bathroom and kitchenette for renting out. Double automated garage, together with seperate undercover carport.

Are any items not included in the sale?
No

What is their overall condition?
Very good condition - modern furnishings with granite tops in kitchens and stainless steel railings on staircases. Bathrooms all contain extremely modern plumbing accessories & fittings.

How have they been valued ?
Per valuation done by two local estate agents.

Are they presently insured?
Yes

Strengths?
Within 500m from a swimming beach. Secluded property - last house on a quiet residential lane. Great flowing house with open plan kitchen, dining room & lounge leading onto pool and outside deck.

Weaknesses?
None

Opportunities?
Turning the house into a full B&B or renting out as a 2nd income investment.

Threats?
None

What is the reason for the sale?
Owners relocating to Cape Town

Why is this property a good investment?
Very modern, well situated property in a quiet neighbourhood with fantastic privacy from neighbours. Open plan house leading onto outdoor patio with braai area looking onto the bush/sanddunes. Lovely granny flat with en-suite bathroom and kitchnette with seperate entrance, which is a rental opportunity which could be pursued more actively.

What is the asking price?
R 2 680 000

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FRANCHISE DETAILS

Aldes Border

1 members
9 active mandates
Eastern Cape
4 Roderick Place, Bonza Bay
5241

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