Beachfront Studio Apartment With Blue Chip Tenant

Ref # 1963140 : Umhlanga Rocks, Umhlanga Rocks, Kwazulu Natal

R3,100,000

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Property Details

Studio Apartment with breathtaking uninterrupted sea views stretching up the North coast to Umdloti and beyond.

Furnished and equipped to the Capital Pearls Hotel specification and a 3-year rental lease in place. The Pearls of Umhlanga has proven itself over the last 15 years to be a solid property investment with great capital growth. 26% of our owners have more than one Pearls property and over 60% of our owners are still the original investors. Purchase Price includes VAT (no Transfer Duty).The furniture is in accordance with the Capital Hotel specification and is sold at an additional cost of R92,000.

Viewing strictly by appointment.

*DISCLAIMER*

Municipal Rates will change on final purchase price.

Reserve Fund contribution of R44,650 payable on purchasing.


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Property Features

  • Property Type Apartment
  • Bath 1
  • Carports 1
  • Pool Yes
  • Building Size 38m²
  • Stand Size
  • Living Area 1

Associated Costs

  • Rates & Taxes ± 3007
  • Levy ± 1385

Location