Prime Kingsway property - four units rented out

This four unit property is in a prime position on Kingsway with lovely views from upstairs. The property has been rezoned Residential 1 with four units.

The owners had a guesthouse in mind when they renovated this home. Instead it became four separate units. The two larger units are separated by a passage with dry wall section at the staircase - remove this and together they become one luxury 6 bed / 6 bath / 2 kitchen home for the bigger family.

There are two ways to look at it:
- For an investor seeking rental income - the current four units have tenants bringing in R43 000 / month
- For a large family, convert the two big units to one home with six bedrooms and six bathrooms... plus a 1 bed granny flat attached to the house and a 2 bed flat separate from the house.

The current configuration of four rental units is as follows:
- An upstairs 3 bed/3.5 bath unit with a very large open plan living area that flows out to a large covered verandah with sea views and a built in braai. There is one extra room that could be a study or bedroom. Rental R14 500 / month.
- A downstairs 3 bed / 3.5 bath unit with a very large open plan kitchen and living area. This opens to a large verandah overlooking the swimming pool. The double garage opens into this unit. Rental R14 500 / month
- A 1 bed/1 bath unit with rental income of R7000K/month. This unit is upstairs above the garage and has a walkway with access to the upstairs main house as an option - ideal for giving granny her own place with easy access to the house.
- A 2 bed/1 bath unit with rental income of R7000K/month. This a converted double garage - easily converted back to garages if preferred.

All units are self contained with their own entrances, DSTV, pre-paid meters, own water meters and air conditioning. All utilities are billed to the tenants. All are well appointed with high quality floors and finishes. In addition there are
- A double garage with access to the downstairs home plus five shade net carports to accommodate other units. Secure parking for everyone.
- A shared pool and braai
- JoJo tanks collect rainwater.

The house is on a prime stretch of Kingsway/Andrew Zondo Road near the Kingsway hospital and Galleria Mall. The town is well known for its warm climate and numerous beaches, and is a popular tourist destination, particularly with surfers and the annual sardine run attracts many to the Beaches.

This unique investment property is a must view. Bring a serious offer.