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11 Bedroom Freehold For Sale in Pennington

R4,000,000

1-5 5 ADRIENNE AVE, 5 Adrienne Avenue

Monthly Bond Repayment R43,348.28
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RLS945287

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

Bedrooms 11
Security Yes
Bathrooms 7
Flatlet 5
Recep. Rooms 10
Study 1
Floor Size 400m²
Land Size 1,038m²
Carports/Parkings 7
Pets Allowed Yes
Monthly Rates R2,000.00
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

Agent Contact Details

Pam Thomassen
Non-Principal Property Practitioner
Registered with PPRA
(FFC 202 333 005 59)

Cell 084 563 4635
Office (039) 9751255
WhatsApp Me

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