13 Bedroom Townhouse For Sale in Scottburgh Central
Description
Exclusive Sole Mandate to REMAX Coast and Country
Unique Four-Unit Property with Rental Income and Development Potential in Scottburgh
An exceptional opportunity to acquire a substantial full-title residential property in Scottburgh, offering four spacious residential units, established rental income and significant future development potential.
Set on a generous 1,754m² stand, this property was built in 2008 and comprises four well-maintained, multi-level residential units, each offering approximately 157m², with the exception of Unit 6 at approximately 172m² due to an additional bedroom.
Spacious Multi-Level Unit Layout
Each unit has a practical and comfortable layout designed for modern family living.
On entering through the front door, you are welcomed into the main living level, comprising:
- A convenient guest toilet
- Direct access to the single garage
- Well-appointed kitchen with granite countertops
- Almost separate scullery for additional workspace and convenience
- Spacious lounge
- Dining area
- Large balcony offering attractive river views
- Main bedroom with en-suite bathroom
The lower level provides additional private accommodation, making these homes particularly versatile for families or tenants requiring separation between living and sleeping areas.
Downstairs you will find:
- Two additional bedrooms
- Family bathroom
- Useful storage area beneath the staircase
- Small private garden
- A private patio accessed from one of the bedrooms
Unit 6 offers an additional bedroom, making it a four-bedroom unit, while the remaining three units are three-bedroom homes.
The units are neatly tiled throughout, creating a clean, contemporary feel, while the kitchens feature granite countertops and a practical near-separate scullery.
Established Rental Income
The property currently generates approximately R40,000 per month in rental income, equating to approximately R480,000 per annum.
The tenants have been in occupation for approximately 10 to 11 years, providing an established income stream and demonstrating excellent tenant retention. Current rentals are understood to be below prevailing market-related levels, providing potential for future rental growth.
Significant Development Potential
Approved plans and foundations are already in place for two additional units, measuring approximately 96m² and 89m².
The groundwork goes beyond simply having plans in place, with foundations already constructed and electrical power points and water points run to the planned units.
This provides a purchaser with the opportunity to complete the additional accommodation and potentially increase the property's rental income and overall value, subject to verification of the approvals and completion requirements.
Additional Features
The property further includes:
- 1,754m² full-title stand
- Four completed residential units
- River views
- Balconies
- Fibre connectivity
- Backup water tank
- Aluminium tool shed
- Tools included in the sale
- Private garden areas
- Four garages
- Approved plans and foundations for two additional units, with laid electrical and water supply points
VAT Consideration
The property is owned by a VAT-registered company, and the sale will be subject to the applicable VAT treatment, rather than transfer duty, subject to confirmation by the seller's tax advisers and conveyancer.
Prospective purchasers should obtain independent tax and financial advice regarding the transaction.
A Rare Opportunity
This is far more than a conventional residential property. It offers the opportunity to acquire four established homes on one full-title stand, with an existing rental income of approximately R40,000 per month, long-standing tenants and the potential to add two further units.
For an investor, the property offers immediate income with future upside. For an extended family, it provides an unusual amount of accommodation and flexibility. And for a purchaser looking for a coastal property with development potential, the combination of land, existing infrastructure and approved plans makes this a particularly interesting proposition.
Four homes. Established income. Six-unit potential. One exceptional Scottburgh property.
Contact me today to arrange a private viewing.
All measurements, rental figures, approvals, development potential and other information are subject to verification. Prospective purchasers are advised to conduct their own legal, financial, tax and development due diligence. Some images have been digitally enhanced to illustrate the property's potential and possible styling. These images are for illustrative purposes only and should not be interpreted as a representation of the property's current condition.
