Bidding to start from R 3 300 000 and up with Harcourts Luxury Auction . Set on an impressive 4,500m² erf in Park Rynie, 8 Marine Drive presents a rare opportunity for investors seeking a substantial coastal property with existing rental income and excellent development potential.
The main residence is an expansive family home offering seven bedrooms, five of which are en suite, providing generous accommodation for a large family, guesthouse operation or potential income generating venture. The home features a spacious family kitchen, separate scullery and pantry, dining room and comfortable lounge areas, all complemented by breathtaking views towards Preston Beach.
Adding significant investment appeal, the rear of the property comprises multiple self-contained rental units, each with its own prepaid electricity meter. These units are currently tenanted, providing an existing rental income stream for the new owner. The combination of a substantial main residence, separate rental accommodation, individual prepaid meters and a large 4,500m² stand creates multiple possibilities for an investor looking to maximise the property's income-generating potential.
Substantial landholding with future potential, subject to the relevant municipal approvals
An exceptional opportunity to acquire a substantial coastal property with established rental accommodation and multiple potential income streams in Park Rynie.
Auction Details
- Harcourts Luxury Auction Platform
- Transparent process – bid with confidence
- No buyer's commission
- Pre-auction offers will be considered
The information herein is correct to the best of our knowledge as provided by various parties, however, errors and omissions are expected.