Description

Accepting Offers. DESCRIPTION: Please note that the price indicated on this advert stipulates the opening bid not the price. 8-UNIT SEASIDE APARTMENT BLOCK ON OFFER. Options are endless. Short-term letting, long-term letting or sell off the units for immediate profit. The famous Fish Hoek beach just a 2-minute stroll away. The Fish Hoek property market is on a rapid incline now. Take this opportunity to maximize your returns. The building has large 2-bedroom apartments. The top floor units have large balconies with beautiful sea views. The property consists of: • 8 x 2-Bedroom apartments (±72m²). Top floor units have large, enclosed balconies. • Each unit has its own electricity meter and geyser. • 3 Garages • Outside toilet • Storeroom • Current nett income ±R50,000. Potential income once renovated (±R96,000) Potential selling price of renovated 2-bedroom apartment ±R1,450,000. The property does need some TLC. This will go fast! Bring your best offer. DETAILS: • Erf no: 10692, Fish Hoek • Erf size: 622m² • Zoning: General Residential 2 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.