Investment opportunity with good rental income from 5 units.
This centrally located property is a remarkable investment opportunity, comprising five distinct apartments with a range of one to three bedrooms and rentals are R6000 to R8000 per month. Each unit is available for individual lease and welcomes pets, making it an attractive option for a variety of tenants. Some of the apartments feature spacious gardens and come equipped with essential appliances, adding to their appeal. Prospective buyers should be aware that they will need to honour the existing leases currently in place. The apartments boast beautiful finishes, and residents benefit from pay-as-you-go electricity and the convenience of gas stoves. For security, the property offers outside parking bays within a fully walled perimeter, complete with an electric fence. Notably, the top unit enjoys a wonderful patio with sea views and a built-in braai. For those seeking an excellent investment opportunity, don't hesitate to contact me to arrange a viewing of this property. The beach and shops are within walking distance. There is so much to do in the village of Pennington from fishing, beach walks, bird watching in the Umdoni forest where one can do some amazing hikes and mountain bike trails. For the golfers there are 3 courses right on your doorstep. Pennington is the Jewel of the KZN South Coast. Be sure to contact me view this property.
Features
11
7
Pets Allowed
Yes
Interior
Bedrooms
11
Bathrooms
7
Kitchens
5
Reception Rooms
10
Studies
1
Exterior
Carports / Parkings
7
Security
Yes
Flatlet
5
Sizes
Floor Size
400m²
Land Size
1,038m²
Extras
Above Road • Air Conditioner • Bachelor Studio • Air Conditioning Unit • Balcony • 24 Hour Response • Built In Braai • Built in Wardrobes • Coastal Beach • Cooling Fans • Curtain Rails • Covered Patio • Dishwasher Connection • Electric Gate • Driveway • Gas Hob • Open Plan Kitchen • Open Plan Room • Tiled Floors • Totally Walled • Water Tanks • Aluminium Window • Conventional • Sea
Pennington is a much-loved holiday destination on KwaZulu-Natal's south coast. With breathtaking beaches, warm waters and a welcome respite from the hustle and bustle of city life, who wouldn't want to make Pennington their home?
A brief history of the area
Pennington is named after an English family who arrived in the late 19th century and farmed in the area. Later, a sugar magnate named Sir Frank...
More Info
Sign-up and receive Property Email Alerts of Freeholds for sale in Pennington, Pennington.
Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.