HOUSE AND 7 FLATS WITH COMMERCIAL DEVELOPMENT POTENTIAL.
TThe property is in Owen Ellis drive and zoned for intermediate residential, and adjacent to a new shopping centre that is being developed. This section of Owen Ellis drive is the business centre of Port Edward with sought after stands for development of commercial businesses.
The property consists of a large three bed home with two flats, a lock up garage, 2 carports, a store room, a lapa, a heugens caravan, a swimming pool, 2 x 2 bed flats and a one bed flat, all fully furnished and each with a gas geyser and gas stove, and prepaid electricity meter All the units are let out to permanent tenants. The caravan is also let out and so is the lapa. The property is an income earner, and has been so for many years.
The caravan stands on a cement floor with an outside bathroom and living area. Prettily positioned under large trees and stands alone. The lapa has been converted into a flat with a living area, two bedrooms, two bathrooms, and kitchen.
There are two 5000 litre water storage tanks plumbed in. An older and well maintained property which has a borehole but with no pump. 472sqm of the property has been sold to sanral of which the sellers will reimburse R100,000 to the purchasers for the cost of relocating of the front wall.
Port Edward is the southern most town in KwaZulu-Natal and borders the Eastern Cape Province and as with most of the KZN Lower South Coast it has been a favourite holiday destination for seasonal visitors from the interior of the country.
In 1925 the original village was laid out and was named in honour of HRH The Prince of Wales, who later became HRH King Edward VIII.
Port Edward is...
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