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.
Property Address
1 Beach Road Fish Hoek Fish Hoek