Estate Late: Desmond Henry Donne | Master’s Reference No.: 004742/2020| 4 Bedrooms | 2 Bathrooms | Lounge or office, Dining room, large kitchen & TV Room | Swimming Pool | 7 Self contained, income-generating cottages | Property Extent: ± 1.5317 Ha
Instructed by the executor of a deceased estate, this expansive property offers a unique opportunity for visionary buyers.
Nestled in the desirable suburb of Assagay, Hillcrest, KZN, this residence is ripe for transformation and boasts endless potential.
Property Features:
• Large Main Residence: With various configurations possible, this home is ideal for a large family seeking space and flexibility.
• Income-Generating Potential: The property can be converted into 8 separate cottages, each with the potential to generate significant rental income. Estimated rental income exceeds R40,000 per month.
• Sprawling Grounds: The improvements are set on over 1.5 hectares of land, providing ample space for development and enhancement.
• Prime Location: Situated in a sought-after area, this property promises both tranquillity and convenience, being close to local amenities, schools, and transport links.
Property Condition:
The property is not in a good state of repair, making it a perfect project for those looking to renovate or develop. The opportunities for a buyer with foresight are limitless, whether to create a stunning family residence or to establish a lucrative rental business.
Viewing:
To fully appreciate the scope and potential of this property, viewing is essential. Potential buyers are encouraged to visit and explore the possibilities firsthand. Don’t miss out on this rare chance to acquire a property with such immense potential in a prime location. Contact us today to arrange a viewing and discover what this property has to offer.
Disclaimer:
All details are provided in good faith and are subject to change. Potential buyers are advised to conduct their own investigations and due diligence.
