12 Bedroom Freestanding For Sale in St Michaels On Sea
R3,495,000
Monthly Bond Repayment R37,271.72
Calculated over 20 years at 11.5% with no deposit.
Web Ref No RL1491
4 Bedrooms House with 9 units for Sale
Listing Updated 09/07/2024
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Nestled on an expansive plot, this impressive face brick property, adorned with a charming thatch roof, offers a myriad of possibilities for the discerning entrepreneur. Boasting three generously proportioned free-standing wooden cabin cottages, two of which feature one bedroom and one bathroom open-plan layouts, while the third comprises a meticulously designed two-bedroom, one-bathroom open-plan unit currently undergoing the finishing touches.
Once a thriving bed and breakfast lodge, this property has undergone a metamorphosis into a stunning mansion, now capable of hosting numerous guests with style and grace. The main house comprises four bedrooms, two of which boast en-suite facilities complete with showers. The master bedroom, a regal retreat fit for a king, has undergone a modern transformation, featuring an open-plan bath, separate shower, his and her basins, and dual walk-in closets. The pièce de résistance is the bedroom's wooden deck balcony, offering panoramic views of the pool and the breath-taking seascape.
With a recent renovation providing nine rentable units, each equipped with a bedroom, kitchen, and bathroom, the property yields a monthly income of R25,000, with additional vacant units awaiting potential tenants. The meticulously designed kitchen exudes a rustic charm and ample storage, complemented by a separate storage room and an expansive walk-in fridge store room strategically positioned with glass doors facing the entertainment and dining areas.
A remarkable entertainment hub, the property features a "super man cave" bar area, sure to be a topic of conversation and delight among male guests. The lower level extends to a lounge and compact gym area, leading seamlessly to the vast garden and pool oasis. A second living area encompasses a study and guest toilet, with stairs ascending to the main bedroom and an additional guest en-suite bedroom.
Adjacent to the study is another en-suite room and a convenient laundry room, providing practicality and functionality. This area connects to a second lounge, which in turn opens onto the enchanting garden and pool area. A small built chapel and a Wendy house for storage, complete with an attached dog house, enhance the property's versatility.
Adding to its allure, the property shares boundaries with a nature conservancy, ensuring an unobstructed and awe-inspiring environment. With its immense