21 Oct 2009
An entire sectional title complex on KZN's south coast has come on to the market at R3,5m.
Nicky Holloway of Seeff Scottburgh says this block offers a number of excellent investment options in either the short or long term. "It could not be better situated for the holiday market, with superb 180 degree sea views, but is also good for long-term letting.
The units are currently being let at R7k per month each. As holiday rentals we would achieve R1,500 per day per unit in season, and R800 to R1k per day out of season. These units could be sold individually at between R1,3m and R1,7m each in the current market, for the investor who wants a quick profit.
"Alternatively, Blue Belle could be turned into a bed and breakfast establishment or self-catering accommodation."
In its entirety Blue Belle offers nine bedrooms, seven bathrooms and six lock-up garages, as well as a swimming pool. Each unit consists of three bedrooms and two bathrooms, with granite tops in the open-plan kitchens, and large Balau decks and balconies to take in the ocean views.
Each unit has top-quality finishes. There are gas stoves with electric ovens and the bathrooms are modern. The units range in size from 160sqm to 220sqm. Two of them are duplexes and one is a simplex. There are three double garages and ample open parking within the complex," says Holloway.
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