R3,250,000
Monthly Bond Repayment R33,546.12
Calculated over 20 years at 11% with no deposit.
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R1,012
Unique fixer cottage and rental investment opportunity
Joint mandate: Open to all offers on this unique property in Kleinmond’s mountain avenues. Comprising a fisherman’s cottage which begs for a makeover as well as two separate residential buildings offering a total of 10 bedrooms in all and nearly as many bathrooms, it provides a clean slate for investors: As residence for a large extended family to live in, to rent out part for additional income, or use everything as long- or short-term visitor accommodation.
The various areas offer separation and privacy aplenty, and there are loads of parking and outside verandahs for entertainment space. All the bedrooms are more than generously proportioned, some even accommodating double and single beds as well as freestanding cupboards and vanities, with room to spare.
The historic fisherman's cottage sits at the street front and is separated from the other buildings. It comprises 3 bedrooms, 2 bathrooms, 3 living areas (one with a built-in braai) and a spacious kitchen. A plus is that it does not enjoy heritage status and therefore has no restriction on renovation guidelines. While the rest of the property is used for rental, this cottage could be used as your main residence and reception area should you wish to use the rest of the property for rental purposes.
The second building consists of two parts, one comprising a 3-bedroom, 2-bathroom residence with a kitchen, its own entrance, and a patio with built-in braai. The other is a separate 1-bedroom apartment with kitchenette and shower room with its own entrance. Additionally, there is a bar room with a separate entrance and a store room for clutter.
The third building also comprises two separate units, one a 2-bedroom apartment with kitchenette and breakfast nook with its own entrance and patio, the other a 1-bedroom apartment with its own entrance, dining room, shower room, and kitchenette.
All kitchens are served by gas and electric for cooking. A double carport provides undercover for two cars, while the rest of the yard of 1 335 sqm provides ample space for additional parking and gardening.
All the furniture is included in the price, including the fridges, ovens, dishwashers, and all electrical equipment, which are all in extremely good condition. The owner will only retain a few personal items such as wall art, etc.
Building plans are available for review. The site currently enjoys residential status, but an application could be made for rezoning to accommodation use.
Why this residence?
- A unique opportunity to own a piece of history
- Fisherman’s cottage full of character and potential
- Plenty of options as a family compound or for long- or short-term rental with Council approval
- Close to the mountain and sea, as well as all of Kleinmond’s amenities
About Kleinmond
Kleinmond is located in the Overstrand Municipality, considered one of the best-run councils in the country and receiving clean audits year after year. As testament, it boasts a water quality index of 99.9%.
As a popular zoom town, Kleinmond has all the amenities needed for comfortable modern living, whether you are actively working, considering slowing down, or investing in a holiday or buy-to-rent home. There are several doctor’s rooms, dentists, pharmacies, vets, filling stations, thrift stores, vehicle maintenance and repair workshops, a clinic and primary school, businesses catering for electronics, printing, clothing, crafts, furniture, building material and hardware, and plumbers and electricians, as well as several small shopping centres. Every conceivable service is on hand, all situated mere minutes from your residence, including a 24-hour emergency ward in the harbour as part of MediClinic.
For absent owners, several businesses attend to home security, garden and structural maintenance, and cleaning. Of course, it is also home to a plethora of tourism-related amenities and activities, as well as a world-class golf course and the Harbour Road entertainment strip.
Kleinmond is just over an hour’s drive from the Cape Town airport, 45 minutes to Somerset West, and 30 km from Hermanus.
The availability of property in Kleinmond is finite. The town is situated in the heart of the Kleinmond Coastal and Mountain Reserve, itself part of the greater Kogelberg Nature Reserve. Bordered by estuaries and wetlands both east and west, a mountain range to the north and ocean to the south, the town’s borders are fixed, with no room for expansion. The result is that only existing open land can be developed, or existing structures upgraded.
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