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R3,300,000 | 17 Bedroom Freehold For Sale in Glenmore

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R3,300,000

760 Colebrooke Street, Glenmore, Port Edward

Monthly Bond Repayment R35,192.17
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R2,693

Caravan Park for Sale in Munster

Significant Price Reduction on Income Potential Caravan Park.


Price significantly reduced for a quick sale. This caravan park spans 3.5 hectares and boasts lush trees and vegetation with both inland and sea views. The property features 61 caravan sites with electrical hookups, additional tent sites, a staff cottage, eight 2-bedroom flats, one bachelor flat, a bachelor cottage, a laundry facility, three ablution blocks, a recreation hall, a pool, a braai area, and a storage room. Income from permanent rentals (flats and cottage) is sufficient to cover all annual expenses.

Development Potential - An environmental impact assessment was conducted several years ago, and permission was granted to build 48 units. This area is in need of a quality retirement village or secure estate, making this property ideal for such a development.

It is rare to find such a stunning, natural park located in the heart of a residential area. This is a valuable piece of land and presents an incredible investment opportunity.


The History of the Caravan Park

Mittenwald Caravan Park, is situated in the heart of Munster. A safe and clean camping and caravan park in a beautiful natural area close to the beach. The park is quiet, peaceful, tranquil clean and very good value for money. Grassy camping sites are shaded by beautiful, old indigenous trees which are home to a large variety of indigenous bird species. Clean ablution facilities, on site swimming pool and “braai” (barbecue) facilities, make Mittenwald a firm favourite with regular visitors.
The Mittenwald park is steeped in history. The property is owned by the Stoppel family, one of the original, pioneering families of the area who owned the original farm on which Munster is now situated. They are friendly and knowledgeable, live close to the park and are readily available to share their valuable insights of the area.
An intriguing part of history is that the flats, now located close to the park, used to be the original boarding house, owned by the Stoppel family. The Stoppels of that era would despatch an ox wagon to collect visitors who arrived by at the Munster Trading Post. This made for an extremely exciting start to a memorable holiday. The ox wagon was then used every day to convey visitors to and from the beach.

So come restore this stunning property to its natural beauty.

With a bit of TLC, this property can be revitalized to maximize its income potential. Enjoy beachside living while running your own business. Contact us today to arrange an exclusive viewing.

Features

17
12
Pets Allowed
Yes
Interior
Bedrooms
17
Bathrooms
12
Kitchen
1
Reception Rooms
2
Furnished
No
Exterior
Security
No
Parkings
20
Flatlet
1
Domestic Accomm.
1
Pool
Yes
Scenery/Views
Yes
Sizes
Floor Size
700m²
Land Size
35,811m²
STREET MAP
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-30.998794, 30.259576
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