Description
Special Power of Attorney (SPOA) Online Auction
No vacant occupation is guaranteed by the Seller.
Online Auction Date: Tuesday, 12 December from 10h00 to 14h00.
Starting Bid: R 750 000-00.
Viewing: You can view the property at any time, and access to the property is not guaranteed.
For more information, please contact our agent (JP).
Discover a unique opportunity in the heart of Berea, KwaZulu-Natal, with this expansive property boasting an impressive erf size of 3282 m². According to the occupant/manager, the property is currently an income-generating asset, rented out to students with a total monthly rental of R 23,500.00.
With an estimated 16 rooms (8 x located in an outside building, 7 x in the main house, and 1 x in an outside flatlet), this property provides ample space for accommodation. The expansive grounds include a very large garden featuring a pool, although it requires new water and some repairs. The outdoor living spaces are enhanced by a generously sized braai and entertainment area, creating a perfect setting for socializing and relaxation.
Convenience is key with the property offering abundant space for driving and parking, ensuring both residents and guests have ample room. The interior of the property showcases a beautiful kitchen equipped with built-in cupboards, countertops, and a fully tiled floor, blending functionality with aesthetics seamlessly.
Adding to the charm of the property is an outdoor lapa area with a thatch roof, though it requires some maintenance to restore its full glory. The house itself boasts a spacious open-plan lounge/dining area with a high roof, creating an inviting atmosphere for gatherings and everyday living.
While the property holds significant potential, it’s important to note that it requires a considerable amount of Tender Loving Care (TLC). Various aspects of the building are in need of attention and fixing. With the right investment and vision, this property presents an exciting opportunity for transformation into a magnificent residence or the continued success of a student accommodation facility. Explore the possibilities that await in this Berea gem, where potential and opportunity intersect.