12 Bedroom House For Sale in Margate

Property description

Welcome to your lucrative investment opportunity in the highly sought-after Ramsgate area! This impressive income-generating property spans an expansive 2013m² and offers a perfect blend of luxury, convenience, and profitability. Whether you're looking for a high-yield rental property or a spacious home with income potential, this property is the ideal choice.

Six Units on Property:
1. 4 Bedroom, 2 Bathroom: Spacious and modern, perfect for larger families or groups.
2. 3 Bedroom, 2 Bathroom: Stylish and comfortable, ideal for medium-sized families.
3&4. 2 Bedroom, 1 Bathroom: Two units available, offering cozy and efficient living spaces.
5. 1 Bedroom, 1 Bathroom: Perfect for singles or couples seeking a minimalist lifestyle.
6. Salon: Currently a fully functional salon, can easily be converted into another residential unit for added income, utilized as a extra attraction to your guests or a home business opportunity.

Size and Layout:
This multi-story property is designed with open-plan living areas that create a modern and spacious atmosphere throughout. Each unit has been thoughtfully designed to maximize comfort and style, with recent renovations ensuring that every unit is move-in ready. Contemporary finishes and fixtures appeal to discerning renters, making it an attractive choice for both permanent residents and holidaymakers.

Outdoor Space:
The outdoor amenities of this property are equally impressive. With two swimming pools, residents can enjoy leisurely swims or host poolside gatherings. The property also features a fire pit , providing breathtaking 180-degree sea views. Multiple private spaces offer tranquility and relaxation, while ample parking ensures convenience for all residents.

Utilities and Systems:
- Rates: Exceptionally low at R4000 per month, providing significant savings compared to the income generated from the property.
- Fully fenced and secure: Ensuring peace of mind for all occupants.

Community and Amenities:
Situated within walking distance to the beach and a shopping center, this property offers the best of coastal living. Easy highway access makes commuting a breeze, and nearby restaurants provide a variety of dining options. Located in a well-protected area of Ramsgate, the excellent CPF ensures that the community remains safe and crime-free, enhancing the appeal of this exceptional location.

Special Selling Points:
This property is not just a home; it's a prime investment opportunity. Currently, four of the five units are fully rented out, generating a substantial monthly income of R30,000. The fifth unit offers flexibility: live in it yourself or rent it out for additional earnings. The salon can also be converted into a sixth unit, further increasing the income potential. Whether you're catering to holidaymakers or permanent residents, this property meets diverse accommodation needs.

Price and Availability:
Priced at R4 150 000, this property represents an incredible bargain for an asset with so much to offer. With its prime location, modern amenities, and significant income potential, it won't stay on the market for long.

Don't miss your chance to own this exceptional income-generating property in Ramsgate. Envision the lifestyle, security, and profitability that awaits. Contact us today to schedule a viewing and take the first step toward making this extraordinary property your own.