An enormous “income-generating” residential property at Illovo Beach - consisting of six separate flats and 10 bedrooms in total - will be sold by Ian Wyles Auctioneers on October 18.
The auction of the revamped golden oldie at 15 Illovo Beach Road will be held at 11am at the Durban Country Club.
The house, with spectacular sea views, consists of:
Ten bedrooms.
Seven bathrooms.
Six kitchens (one in each apartment).
Two staff accommodations, sharing bath and shower.
Storeroom.
Workshop.
Double lock-up garage.
Parking for nine cars.
Three remote-controlled gates.
Water storage tanks with 9 500 litre capacity.
Andrew Giddy, property manager for Ian Wyles Auctioneers, says the elevated property - about 7kms from Amanzimtoti - has scenic views of the ocean and Lovu River. The 2100m² plot is close to a variety of local amenities and the main beach, and has easy access to both the N2 highway and R102 main road.
“The fact that there are six separate self-catering residential units, each with its own entrance, provides exciting rental opportunities in a popular South Coast holiday destination for the new owner,” says Giddy.
“We’ve already had strong interest in the property which could turn an enterprising investor into the landlord of what are in effect six lucrative beach holiday apartments.
“The house now belongs to a retired couple who are downscaling.”
Viewing of the property is by appointment only. Phone Giddy on 082 601 9278 or 031 579 4403 or email [email protected] or visit www.ianwyles.co.za for full details.