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Ramsgate, Ramsgate, Margate, KwaZulu-Natal
R 4 980 000
This investment property is situated in the ever popular, quiet residential suburb, of Ramsgate, close to all amenities. 3 storey building, consisting of 5 separate, well fitted and updated apartments, totalling 15 bedrooms, 10 bathrooms, 6 lounges, 5 dining areas and 5 kitchens. All apartments are well sized, fully tiled, nice kitchens with granite tops and the bathrooms are all modern and well fitted. All move in ready and furnished (except the owners apartment) There is loads of parking space, a workshop in progress with a room and bathroom. There is a lovely covered entertainment area (perfect for meetings) with a children’s pool which cascades into the main pool, and a built in braai area as well; makes this perfect space for entertaining. Under the building is a large basement, which is a perfect storage area. This unique opportunity to own such a potential income generator doesn’t come around often. This apartment block is perfect for rentals, permanent or holidays, wellness centre, rehab centre, boutique hotel, or even for a large family to buy it, one apartment for each member! It is a short drive to all the shopping centres, and a mere 2 minute drive to the fabulous beaches, with a ski boat launch site on your doorstep. Contact us today to view!!! Matriarch Real Estate powered by Mandated Property Group (Pty)Ltd
Estimated monthly repayment
R 47 028
on a R 4 482 000 bond over 20 years at 11.25%
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Ramsgate, Ramsgate, Margate, KwaZulu-Natal
Liivra AI market value
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Fair-value check
Priced highPriced 198% above comparable 3-bed houses for sale in Ramsgate
Based on 62 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Lerato Ramaphosa
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