Large Home with 3 Studios and additional Cottage

Sole and Exclusive Mandate

This large home on a massive stand is waiting for the perfect buyer to extract its full potential. The massive house was originally built with expansive entertainment areas and oversized 4 car garage which served as a work room for owners' electrical and building business. The house included 5 bedrooms, 4 bathrooms, an open plan kitchen with scullery, dining room, lounge and living area, an additional braai and entertainment room, a sunroom / Gym two patios, a studio, an office and a staff room with ensuite bathroom. Over the years, as the family has become smaller the owners have converted the house into a property with multiple private residences. As it currently stands, the house comprises of one x 3 bedroom, 2 bathroom house with an office and 3 car garage, plus an additional three studios and one cottage each their own kitchenette and ensuite bathroom and separate entrance, access to the garden and their own parking space. The owners stay in the main house and rent out the four other spaces, generating a passive rental income of approximately R16 000 from long-term tenants. With a relatively small renovation, this income has the potential to increase to R20 000 - R22 000 pm, excluding the main house. With the potential to subdivide the land and or build upwards, this spectacular property has the huge potential to be turned into an exclusive home of multiple residences or a creating a beautiful guest house in a sort after area of Sandbaai, which is a stones throw to the village centre and a short stroll to the scenic Sandbaai coastal path. certain internal upgrades to the property have not been registered with the municipality. Hence, the ideal purchaser would be a cash buyer who has an appetite for a creative renovation project and is willing to put in some TLC and budget to modernise the property's finishes.

At this price, with the size of strand and area under roof, and this rental potential for rental income, you will not find better value for money in Sandbaai.
Book your private viewing now.