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Margate, Margate, Margate, KwaZulu-Natal
R 2 450 000
This large multi-unit property presents an outstanding opportunity for investors or buyers looking for a high-potential fixer-upper in a prime setting. Offering a total of 11 bedrooms and 8 bathrooms, the property is thoughtfully divided into multiple self-contained units, each with its own kitchen, making it ideal for rental income or multi-family living. The property includes 8 kitchens, 4 lounges, and 2 studies, providing flexible living and working spaces across the units. With its generous layout and large overall size, there is ample room to renovate, upgrade, and maximise returns. This is a perfect project for those wanting to add value and create a strong income-generating asset. One of the standout features is the beautiful sea view, which enhances the appeal of the property and adds significant rental and resale potential. The property also offers plenty of parking, including secure parking within a fully secured premises, ensuring peace of mind for residents and tenants. While the property does require renovation, it offers endless possibilities for improvement and customization. Whether you choose to rent out the units individually, accommodate extended family, or redevelop for higher returns, this is a rare opportunity to secure a large property with excellent investment potential in a desirable location. Scenic View
Estimated monthly repayment
R 23 136
on a R 2 205 000 bond over 20 years at 11.25%
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Margate, Margate, Margate, KwaZulu-Natal
Listed by
Busisiwe Mahlangu
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