19 Bedroom House in Margate

Exceptional Investment Opportunity11-Unit Property with Strong Income PotentialThis property represents an excellent investment opportunity, featuring a total of 11 units, divided across two separate buildings, generating an impressive rental income of approximately R30,000 per month. With a diverse range of units and amenities, this property offers both immediate income potential and long-term value growth. Please note not all units are tenanted.First Building:Unit 1: 2 Bedrooms, Shower, Washing Room, Kitchen and LoungeUnit 3: 2 Bedrooms, 2 Bathrooms, Kitchen and LoungeUnit 3B: 1 Bedroom, 1 Bathroom, Kitchen and LoungeUnit 4A: 1 Bedroom, 1 Bathroom, Kitchenette and LoungeUnit 4: 2 Bedrooms, Full Bathroom, Kitchen and LoungeUnits 5A and B: 2 Bedrooms, 1 Bathroom with shower, Kitchen and LoungeSecond Building:Unit 2B: 1 Bedroom, Open Plan Lounge, Kitchen and BathroomUnit 2A: 1 Bedroom, Open Plan Lounge, Kitchen and BathroomUnit 7: 2 Bedrooms, Kitchen, Lounge and BathroomUnit 8: 2 Bedrooms, Kitchen, Lounge and BathroomProperty Features:Water Supply: Two 10,000-litre water tanks, connected to each unit, ensuring an uninterrupted water supply.Parking: 6 Lock-up Garages and 5 Carports for secure parking.Prepaid Utilities: Each unit is equipped with prepaid electricity meters and individual water meters, providing transparent and efficient utility management.Additional Amenities: A store room and a communal braai area, enhancing the property''s appeal to tenants.This well-maintained property offers a stable and consistent rental income with low maintenance costs. The combination of well-sized units, desirable features, and prime location makes this property an ideal choice for savvy investors looking for a secure, high-yielding investment.Don''t miss out on this fantastic opportunity! Contact us for more details and to arrange a viewing. Show more Show less