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10 Hibiscus, Margate, Margate, KwaZulu-Natal
R 5 850 000
Prime Multi-Dwelling Investment Opportunity, Fully Tenanted [removed] Income-Generating! Prime Multi-Dwelling Investment Opportunity Fully Tenanted & Income-Generating!Location, Location, Location! Nestled in a quiet street just off Marine Drive in the heart of Margate, this exceptional investment property is a rare find. Offering a high rental yield, no renovations required, and a fully tenanted setup, this is the perfect opportunity for investors looking for a hassle-free, income-generating asset.Key Features:Impeccably Maintained On-site caretaker ensures seamless management.Individual Meters Each unit has its own pre-paid electricity and water meter.Move-in Ready Fully tiled units, built-in cupboards, and ceiling fans.Backup Water Supply 10,000L JoJo tank with a pump servicing all units.Secure Parking 6 single garages + 2 carports behind a fully walled perimeter with a single access gate.Property Breakdown: 11 Units in TotalUNIT 1-9: A mix of 1- and 2-bedroom apartments with kitchens, lounges, and bathrooms.UNIT 10 & 11: Log cabins with partial sea views, 2 bedrooms, kitchen, lounge, bathroom, and patio.An Investment You Cant Afford to Miss! With stable tenants in place, a sought-after location, and minimal maintenance required, this property is an absolute gem for serious investors.Dont miss out! Contact us today for an exclusive viewing. Show more Show less
Estimated monthly repayment
R 55 243
on a R 5 265 000 bond over 20 years at 11.25%
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10 Hibiscus, Margate, Margate, KwaZulu-Natal
Listed by
Sarah Swanepoel
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