This development is one of the most up-to-date, meticulously maintained, and perfectly situated businesses of its kind in the whole of Knysna.
There are thirteen units of which two are one bedroom, one bathroom, loft-style spaces and the rest are all wonderfully appointed two-bedroom units.
All thirteen units, ranging from 56 sqm to 65 sqm, are fitted with air-conditioning, built-in stoves and ovens, and granite top kitchens. The open plan kitchen opens up, via a sliding door, to a solidly built deck area that is surrounded by 180-degree views of the entire Knysna Lagoon!
The building enjoys full frontage towards the N2 leading into Knysna yet is accessed from a peaceful side-street.
Within the few years since its inception, this business has already seen consistent growth in occupancy rates and already returns about seven percent a year on capital, even under the relatively slow market conditions.
Each unit is separately registered, and self-contained thus a combination of long- or short-term rentals can be considered within a local market where rental properties of this type are few and far between, and demand for apartments are high.
No Transfer duty payable. The selling price excludes VAT.