East London, Eastern Cape, South Africa

GREAT INVESTMENT OPPORTUNITY !!
This solid low maintenance family home with two delightful income generating flats is a must to view for investors and families alike.
This property has a panoramic view of the Nahoon River valley,. It is fully walled and secure on a large erf and beautiful garden including some mature Palms, Fig trees and many more lush green plants, providing a serene sanctuary for relaxation and peaceful rest.
The two flats are already tenanted with long term reliable tenants, providing monthly income for roughly 38 percent of the monthly bond repayments, at current interest rates.
It is possible to extend the kitchen and also extend the area of the first flat, as the concrete slab is already in place and it simply needs to be walled in and covered.
It then becomes a prospect for a large B&B which can be applied for on application to the local Municipality.
The existing double garage has adjacent space with existing foundations to enable the construction of another 2 garages.
Outside there is sufficient space to accommodate 5 cars using the open area adjacent to the driveway.
A solar geyser also reduces electricity usage and provides hot water constantly.

This property is also very suitable for a growing family and for visiting family members or staff.

Call me today to arrange an exclusive viewing.