7 Bedroom House For Sale in Oslo Beach

R4,500,000

Monthly Bond Repayment R47,989.33
Calculated over 20 years at 11.5% with no deposit.

Web Ref No WRL78662

A UNIQUE PROPERTY ON THE BEACH

Calling all investors - we invite you to view this property situated on the beach in Oslo Beach on the South Coast of Kwa-Zulu Natal.

FIRST OPTION - R4.5 MIL
THIS AMAZING PROPERTY ON THE BEACH SPANNING 10764 SQM IS ZONE "RESIDENTIAL HIGH IMPACT 2" WHICH MEANS THE LAND CAN BE DEVELOPED FOR MULTI-UNIT RESIDENTIAL UNITS OR A HOTEL, GUEST LODGE, BED AND BREAKFAST OR SIMILAR RECREATIONAL DEVELOPMENT WITH BEACH AND RIVER ACCESS.

SECOND OPTION - There are 3 ERF's and an investor can purchase one ERF separately as follows;
Portion 1 of ERF 381 - 4777 sqm - with home = R 2 950 000.
Portion 2 of ERF 381 - 3422 sqm - vacant land = R 900 000.
ERF 68 - 2565 sqm - Vacant land = R 800 000.

Presently the property contains:
- A remote entrance security gate.
- A main house with 4 bedrooms, 2 bathrooms, guest loo, 2 lounges open plan kitchen and sea view from covered patio and a pool.
- 1 Bedroom Flat with bathroom, kitchen and lounge.
- 1 Bedroom flat with bathroom, kitchen and lounge.
- 2 Bedroom Flat with bathroom, kitchen and lounge.
- 1x 5000l water tank.

The property is large enough (just over 1 Hectare) to allow further units to be built.

The alternative option for this beautiful property on the beach is to convert to a hotel or similar recreational resort.

Kindly arrange an appointment to view and please see the attached photos.

Features

Bedrooms 7
Security Yes
Bathrooms 4.5
Flatlet 3
Recep. Rooms 7
Dom. Accom. 1
Floor Size 600m²
Garages 2
Land Size 10,764m²
Carports/Parkings 2
Pool Yes
Pets Allowed Yes
Monthly Rates R7,897.00