Built in 1938 with extraordinary attention to the highest quality workmanship and beautiful cedar accents throughout, “Capistrano” is a magnificent property! Located in an exclusive residential neighbourhood off Knapton Hill in Smith’s, the property is being sold with the main house on 1.02 acres and a sub-divided lot measuring 0.60 acres. The Vendor is willing to sell the main house without the lot.
The beautifully manicured and mature grounds give the property the feel of a private park while the views looking east the length of South Shore are simply breathtaking. Formerly a guest house, the main house comprises a total of 7 bedrooms and 6 full bathrooms, however, the main building is currently divided into 4 separate apartments; additionally, there are 4 small studios, ideal as staff accommodation, located at the lower level of the property. The apartments command an excellent income of $10,000 per month.
The main apartment comprises a fabulous kitchen - a ‘chef’s delight’ - and an adjacent laundry; formal dining room with fireplace, a small ‘office’, formal living room with fireplace, master bedroom with extensive closet space and bathroom en suite and a guest bedroom with bathroom. There are three additional apartments; two two bedroom units, and one one bedroom unit. There is an enormous and stunning swimming pool which was recently totally upgraded.
“Capistrano” can either be sold as a private home, which will require modifications and upgrades by way of conversion, or potentially represents a great opportunity for a guest house.
Listed for sale as a ‘package’ please enquire directly with the listing Agent for a price on the main house on 1.02 acres without the sub-divided lot.
SALES PRICE: $3.7 million gross
Monthly repayment is an estimate for guidance only. Calculation is based on an interest rate of 5.25%, 30% deposit over a 25 year period.