Calling all investors. Looking for cash buyers with a motivated seller.
This fascinating property in a prime location in the Lynn's View part of Steynsrust presents an exciting opportunity, with the potential to go in any number of directions.
Together with the property next door, #3 Runkel, this property has been run successfully for many years as an income-generating business for the same owner. In fact, the boundary between these two properties has been removed and will need to be re-instated.
The property consists of 3 dwellings, currently tenanted with long term tenants (leases all currently terminating June 30th).
All three dwellings together form an area of about 395 sqm.
Dwelling 3A (+-180 sqm) - The original home consists of 3 bedrooms (one of which is a more recent addition), 2 large bathrooms, open plan living and dining area with a large kitchen and scullery.
Dwelling 3B (+-55sqm) - The Granny Flat has a one bedroom, one bathroom, kitchen and living room and was created out of what was the double garage.
Dwelling 3C (+-160sqm) - The 2nd dwelling has an open plan living and dining room, 3 bedrooms, 2 bathrooms (one en suite) and large kitchen). This unit also opens onto a private vine-covered verandah area.
The 3 dwellings are configured in such a way as to maximize the privacy of each unit. They all share a common garden and pool area.
A few things to note for prospective buyers:
- A number of additions have been added at different times to what was the original property. None of these are on plan and no plans for the original property are currently available.
- The boundary between #3 Palmyra and #3 Runkel will have to be restored by agreement between the current and the new owners.
- Electrical supply to the pool will have to be rerouted as it is currently supplied from #3 Runkel.
Fortune favours the curious. Be the first to take advantage of all that this property has to offer.