❗️ 🏠 MULTI PROPERTY AUCTION ❗️ 🏠
WEDNESDAY, 25 OCTOBER 2023 @ 11:00 AM
VENUE: THE OYSTER BOX – 2 LIGHTHOUSE ROAD, UMHLANGA ROCKS
INCOME GENERATING PROPERTY
Unbelievable Potential spread over 3,000 square meters!!!
Welcome to this incredible Heritage site situated on a spacious 3000m² erf, offering a plethora of possibilities and a fantastic investment opportunity.
This site boasts three unique buildings consisting of a total of 16 units. These units range from cozy bachelor apartments to spacious one-bedroom apartments, with rental income ranging from R6 000,00 to R 7 500,00 per month per unit, in addition to ample parking space per unit.
In addition to the Heritage buildings, the surrounding area has been cleared and approved for development, with proposed plans in place. This GR2 Zoned site is ready for a potential two-three-storey building.
This site is perfectly situated for a variety of uses. Located across from a school and in close proximity to the railway station and all local amenities.