ref # 903

R 2 495 000 (125 062 EUR*)

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± 991 m2

Excellent Investment! – Renovator’s Dream on Double Size Erf in Early Avenues

If you have been searching for the ultimate investment opportunity in the most convenient part of Fish Hoek, this is it! This deceased estate on a double erf of 991 m2, gives you the ability to transform this tired house in desperate need of TLC, into a magnificent family home, subdivide into 2 houses, perfect for a rental investment, or renovate into a small apartment block, which could potentially create between 4 and 6 apartments, ideal for resale at between R750,000 and R950,000, each depending on the configuration, or for a brilliant income from renting all the apartments out.

The kitchen has already been recently renovated to a high standard, which is a bonus!

With some imagination, the options are endless.
Currently offers a 4 bedroom house, 3 bathrooms, 2 out buildings/store rooms plus outside toilet, separate 1 bed flatlet, which can be incorporated into the main house. 2 storage Wendy houses at the back of the property and tandem garage.

Don’t miss out on this fantastic opportunity at only R2,495 Million, you can expect an excellent return.

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