15 Bedroom House For Sale in Margate

Property description

Listing Updated 19/12/2024

Welcome my name is Steven, your South Coast real estate partner. Let's navigate property together. I'm devoted to transforming your aspirations into dwellings. Your dream is my mission. Let's make it real.
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Attention Investors! An incredible opportunity awaits with this property featuring a main house and 8 flat lets for sale in the heart of Margate. This versatile investment boasts a strategic location and a range of rental units, making it a lucrative venture.
The property comprises:
• 5 x 1-bedroom units with 1 bathroom, kitchen, and parking
• 3 x 2-bedroom units with 1 bathroom, kitchen, and parking
• 1 x 3-bedroom main house with 2 bathrooms, kitchen, lounge, dining room with a sea view, cemented driveway, electric fencing, and an alarm system
Enjoy a steady income stream of R33,000 per month with flexible month-to-month lease agreements in place. The property also features a bird aviary built on the rear side of the 3 lock-up garages, accompanied by 2 storage rooms. Each unit is equipped with prepaid electricity meters for added convenience.
The communal garden, though modest, is well-maintained, and a pool on the property offers potential for renovation, turning this into a sought-after self-catering holiday destination. With a mere 5-minute drive to the main Margate beach, proximity to amenities, and a short walking distance to pubs and restaurants, this property caters to the needs of both tenants and holidaymakers.
Unlock the full potential of this investment by arranging a viewing today. With a little TLC and strategic adjustments, this property could become a thriving rental income or a popular spot for seasonal visitors. Don't miss out on this promising opportunity! Call today to schedule your viewing.