Property description
This unique investment property is a must view. Bring a serious offer.
Prime Investment or Large Family Home in Athlone Park
Perfectly positioned on Kingsway Road near Kingsway Hospital and Galleria, this versatile property offers sweeping sea views from upstairs and exceptional finishes.
Rezoned for commercial and consists off four units, it currently operates as a high-yield investment but can easily be converted back into a sprawling family home.
Investment vs. Lifestyle
The Investor: Currently generating approx. R43,000/month from four quality units with individual prepaid meters and DSTV.
The Large Family: Remove a simple drywall to create a 6-bed, 6-bath luxury residence, while retaining a 1-bed flatlet and a separate 2-bed cottage for guests or extended family.
Property Breakdown
Unit Type Details Features Potential Income
Main Upstairs 3 Bed / 3.5 Bath Large verandah, sea views, built-in braai, study. R14,500
Main Downstairs 3 Bed / 3.5 Bath Open-plan living, pool access, direct double lock up garage entry. R14,500
Flatlet 1 1 Bed / 1 Bath Located above garage; ideal granny flat with house access. R7,000
Flatlet 2 2 Bed / 1 Bath Separate entrance; can be converted back to a double garage. R7,000
All have their own prepaid Electricity meter and Water meter already installed.
Key Features
Amenities: Shared swimming pool, braai area, and JoJo tanks for rainwater harvesting.
Parking: Double garage plus five secure shade-net carports.
Location: Prime Andrew Zondo Road frontage in a sought-after coastal town famous for its beaches and the annual sardine run.
High-end finishes, air conditioning throughout, and a prime location make this a standout opportunity. Bring a serious offer!
- Pool
- Study
- Flatlet
- Freehold
- Security Features
- Sea View
- Pets Allowed
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from Team Seven - Amanzimtoti
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Agents
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
