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10 Hibiscus Avenue, Margate, Margate, KwaZulu-Natal
R 5 500 000
This is an ideal investment opportunity. With 11 units in total, the property has been divided into two. With 4 units in one and the rest in the other. With an income of approximately R60k per month. First property: Unit 1 - 2 bedrooms, shower, washing room, kitchen & lounge Unit 3 - 2 bedrooms, 2 bathrooms, kitchen & lounge Unit 3 B - 1 bedrooms, 1 bathrooms, kitchen & lounge Unit 4A - 1 bedroom, 1 bathroom, kitchenette and lounge Unit 4 - 2 bedrooms, full bathroom, kitchen & lounge Unity 5 A& B - 2 bedrooms, 1 bathroom with shower, kitchen & lounge Second property: Unit 2B - 1 bedroom, open plan lounge, kitchen and bathroom Unit 2A - 1 bedroom, open plan lounge, kitchen and bathroom Unit 7 - 2 bedrooms, kitchen, lounge & bathroom Unit 8 - 2 bedrooms, kitchen, lounge & bathroom Included is a store room, braai area, 2x 10 000litre water tanks that are connected to each unit, 6 lock up garage and 5 carports as well as each unit has prepaid electricity and individual water meters.
Estimated monthly repayment
R 51 938
on a R 4 950 000 bond over 20 years at 11.25%
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10 Hibiscus Avenue, Margate, Margate, KwaZulu-Natal
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
Listed by
Khwezi Nzimande
Pam Golding Properties - Port Shepstone / Margate
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