INVESTMENT VENTURE
- 9 Bedrooms
- 9 Bathrooms
Description
Exceptional 1.8-Hectare Property with Dual Zoning This 1.8-hectare property is divided into two sections: a developed, income-generating area and an undeveloped portion with vast potential. The developed section includes a main house divided into five rental units and a converted four-car garage offering four additional rental units, all fully tenanted. A freestanding 2-3 bedroom, 1-2 bathroom house with 7,500L rainwater tanks is currently vacant, ideal for personal use or rental income. Amenities include: a large swimming pool, a lapa with a braai area and a tennis court. Additional infrastructure features a small and large shed, 40,000L rainwater tanks connected to mains water, and a 25kVA generator powering the entire estate. The property is fully secured with a remote-controlled gate. The undeveloped section offers significant opportunities for residential development, eco-tourism, or agricultural projects. This property is perfect for investors or families seeking a versatile estate with income potential and room to expand. Contact us today to explore its possibilities or wanting more information regarding rental income and development potential. This property is sold as a going concern with a sound rental book. You only live once. Let me show you where.
Engel & Völkers Port Elizabeth
Your advisor: Antoinette Meyer
Property ID: ENV191097