A VERSATILE PROPERTY WITH EXISTING RENTAL INCOME AND FUTURE POTENTIAL
A great opportunity to acquire a versatile property in Knysna, combining family accommodation, additional rental space and work or business facilities.
The offering includes a four-bedroom main house, a separate bachelor unit, swimming pool, as well as a garage and workshop area — with the added advantage of dual access from Pitt Street and Spring Street.
Rental Income
Current combined rental income: R23,100 per month
Main house: R16,800 per month
Bachelor unit: R6,300 per month
Utilities excluded
Combined annual rental income: R277,200
Property Highlights
4-bedroom main house, including main en-suite
Spacious lounge and separate TV room
Study/home office
Kitchen with separate pantry
Separate bachelor unit with its own entrance and parking - 1 bedroom, bathroom, kitchen area
Approved drawings for the second dwelling
Approx. 79 m² garage, studio/ workspace area: Studio +-20sqm, Tool store: 2 sqm, Works area: 6sqm, Parking 2 Cars
Double garage with automated doors
Dual remote controlled sliding entrance gates – Pitt St & Spring St
Dedicated workshop with workbench and electrical points
Lockable tool store
Swimming pool fitted with new underground piping and pump house
Two separate braai areas
Garden with irrigation and feature lighting
Dual street access from Pitt Street and Spring Street
Alarm system, motion-detection cameras and remote-controlled gates
Investment & Business Potential
Beyond its existing rental income, the property's layout offers scope to explore alternative configurations, including separate residential units, additional bachelor accommodation or a work-from-home business setup – enquire for additional info regarding this
The garage and workshop areas may suit a contractor, technical business or similar operation. Potential business use, further development or subdivision would be subject to the relevant municipal approvals and applicable requirements.
Additional Features
Erf size: 678 m²
Approx. 203 m² main house
Approx. 299 m² total reported coverage
Insulated roof cavity and new awnings
Updated building drawings and approved plans
Location
Knysna Central serves as the primary commercial, cultural, and social heart of Knysna along the Garden Route in the Western Cape, South Africa
Accommodation
Main House - Four bedrooms, two bathrooms
Flatlet - One bedroom, one bathroom
Additional Details
A 5% deposit and 7% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed. See Legal tab for Special Conditions.See this lot on BidX1 — photos, legal pack and registration →
What is it worth?Members see the similar-size properties for sale in Pitt Street, the market price they give this one, the profit at the opening bid, and the area’s Deeds Office sales by year.
Lot details are taken from BidX1’s website and change often; sales may be postponed, withdrawn or sold beforehand. Confirm with the auction house and read its conditions of sale before you bid. Market prices are estimates from asking prices of similar properties for sale.