Property description

This excellent opportunity offers a spacious family home PLUS 5 income generating flats on the corner of Villiers Rd and Fenton Avenue, Walmer.  

This is just around the corner from the 1st Ave SPAR and all amenities. A stone throw away from the airport and 5th and 6th avenue shopping centres and popular take out's.

The owner has renovated and maintained the properties over the years and they are in mint condition.

The 5 flats total GROSS income amounts to R 33 850. Lease agreements in place and on request for SERIOUS BUYERS ONLY.

The house can generate a further rental income of up to R 15000/month or would be ideal for Airbnb, which would generate higher income.

Remax Bay has partnered with THE HOST which specialises in Airbnb management.

MAIN HOUSE -

4 Bedrooms all with BIC and quality wooden blinds. The main bedroom adjoining the dining room is super large with working fireplace and PLENTY built in cupboards.

A study with built in wall unit for filing.

High-quality durable laminate flooring throughout giving a beautiful wood finish. Treated wooden ceilings, stylishly painted white with down lights and all door ways and borders painted grey.

Two modern bathrooms with shower.

The kitchen has a large Centre island, gas hob and plenty storage with separate laundry and plenty storage.

Open plan to the kitchen with sideboard all along the wall is the spacious dining/lounge area.

Neat paving outside with shed for garden equipment and side courtyard with washing lines.

Front automated gate with intercom.

FLATS -

The entrance to the 5 units is on Fenton Avenue with plenty parking space. Any 2 of units 2 to 4 are permitted to be built up another storey. All tenants purchase their own Water and Lights. Wi-fi is currently included in the rent. Flats are not furnished.

FLAT 1

This unit is actually adjoining the main house. Two braai's outside for tenants use.  

1 Bedroom with BIC.  

1 Tenant  

Modern, clean finishes with open plan kitchen and Living area. Bathroom with shower, toilet and basin. 

Prepaid power, water meter and geyser. 

FLAT 2 

2 Bedrooms with BIC. 

2 Tenants  

Modern, clean finishes with open plan kitchen and Living area. Bathroom with shower, toilet and basin. 

Prepaid power, water meter and geyser and heat pump. 

FLAT 3

2 Bedrooms with BIC. 

1 Tenant 

Modern, clean finishes with open plan kitchen and Living area. Bathroom with shower, toilet and basin. 

Prepaid power, water meter and geyser and heat pump. 

FLAT 4 

2 Bedrooms with BIC. 

2 Tenants 

Modern, clean finishes with open plan kitchen and Living area. Bathroom with shower, toilet and basin. 

Prepaid power, water meter and geyser and heat pump. 

FLAT 5 

2 Bedrooms with BIC. 

1 Tenant

Modern, clean finishes with open plan kitchen and Living area. Bathroom with shower, toilet and basin. 

Prepaid power, water meter and geyser and heat pump. 

This unit is stand alone  

Courtyard with washing lines 

• 12 Cameras in total and Night and Day lights
• APPROVED Building plans available and ITPE on request.
• All 5 leases in place
• Move in Ready

ZONING - RES 2, Uses permitted - 

Primary use - Dwelling units.

Secondary uses permitted with the SPECIAL CONSENT of the Council - 

PLACES OF WORSHIP, PLACES OF ASSEMBLY, PLACES OF INSTRUCTION, GUEST HOUSES (Introduced TPA 1106 (Amended 3)

Viewing will be permitted for PRE-APPROVED buyers only and enough time must be allowed to arrange access with tenants.

This is an excellent opportunity to pursue.

I look forward to assisting you with this property