Description
Old charm farm-style three bedroom house for sale with 7 cottages bringing an income of R27000- net per month in Port Edward, now in the market. Yes, the known Hakuna Matata Lodge is for sale. No longer operating as a Lodge, but having permanent tenants currently. This property is Location, Location Location ! Opposite the main shopping area, next to new business development, and close to Boxer and Build it, this property offers you 8161 sqm grounds, perfect for business development. It is an excellent position for accommodation, new lodge/, flatlets etc. Potential is endless. Close to main Eastern Cape highway, and 5 min from the Wild Coast Sun. Will be perfect for new development. as this property is zoned for intermediate residential. Port Edward is a buzzing town on the border with Eastern Cape. A serious buyer will make a great success with a proper road lodge or Inn, offering affordable dinner bed and breakfast, as there is currently a serious accommodation shortage in town for local visiting business professionals. OR have property re-zoned to full business rights and put up a new shopping complex - also currently a demand for business rentals in town.
Property consist of the following: Main House - Three bedrooms, one used as study currently, with built-in cupboards, two bathrooms, big open plan kitchen with beautiful oak kitchen cupboards, large dining room and lounge area. Lovely veranda in front and braai area at the back of lounge. Beautiful entrance area with big wooden bar. Single garage, storeroom and two carports. Seven(7) different units/cottages with own solar geysers, gas stoves and pre-paid electricity meters. Four units are each two bedrooms, lounge, kitchenette and bathroom and are all separate from each other and private. Three units are one bedroom, lounge, kitchenette and bathroom. There are also a Penta caravan on a cement slab, totally enclosed with own ablution block - also permanent tenants, which makes it 8 rental units in total giving a fantastic monthly income return. Most of the tenants have been there for years, and are excellent payers. Although the buildings are old, this property is solid and maintained. There is a borehole, but no pump - can be fixed again. 2 x water tanks plumbed in. Lovely pool area for communal use. Beautiful tranquil gardens and stunning trees finishes this property. This property is sold as a going concern. 3KV Invertor battery system included.
This investment property will sell quick - call me to view this perfect business location.
12
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8161m2
