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Attention Investors! An incredible opportunity awaits with this property featuring a main house and 8 flat lets for sale in the heart of Margate. This versatile investment boasts a strategic location and a range of rental units, making it a lucrative venture.
The property comprises:
o 5 x 1-bedroom units with 1 bathroom, kitchen, and parking
o 3 x 2-bedroom units with 1 bathroom, kitchen, and parking
o 1 x 3-bedroom main house with 2 bathrooms, kitchen, lounge, dining room with a sea view, cemented driveway, electric fencing, and an alarm system
Enjoy a steady income stream of R33,000 per month with flexible month-to-month lease agreements in place. The property also features a bird aviary built on the rear side of the 3 lock-up garages, accompanied by 2 storage rooms. Each unit is equipped with prepaid electricity meters for added convenience.
The communal garden, though modest, is well-maintained, and a pool on the property offers potential for renovation, turning this into a sought-after self-catering holiday destination. With a mere 5-minute drive to the main Margate beach, proximity to amenities, and a short walking distance to pubs and restaurants, this property caters to the needs of both tenants and holidaymakers.
Unlock the full potential of this investment by arranging a viewing today. With a little TLC and strategic adjustments, this property could become a thriving rental income or a popular spot for seasonal visitors. Don't miss out on this promising opportunity! Call today to schedule your viewing.
R822,559immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 2 bedroom property in Margate on ImmoAfrica.net is R 822,559
R8,145immo · index
The current average sales price per square meter for a 2 bedroom property in Margate on ImmoAfrica.net is R 8,145
R1,337,799immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 3 bedroom property in Margate on ImmoAfrica.net is R 1,337,799
R7,128immo · index
The current average sales price per square meter for a 3 bedroom property in Margate on ImmoAfrica.net is R 7,128
R2,403,366immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 4 bedroom property in Margate on ImmoAfrica.net is R 2,403,366
R9,158immo · index
The current average sales price per square meter for a 4 bedroom property in Margate on ImmoAfrica.net is R 9,158
R2,490,857immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 5 bedroom property in Margate on ImmoAfrica.net is R 2,490,857
R4,696immo · index
The current average sales price per square meter for a 5 bedroom property in Margate on ImmoAfrica.net is R 4,696
R10,393immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 3 bedroom property in Margate on ImmoAfrica.net is R 10,393
R72immo · index
The current average rental price per square meter for a 3 bedroom property in Margate on ImmoAfrica.net is R 72
R531,929immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 1 bedroom property in Margate on ImmoAfrica.net is R 531,929
R10,375immo · index
The current average sales price per square meter for a 1 bedroom property in Margate on ImmoAfrica.net is R 10,375
R7,539immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 2 bedroom property in Margate on ImmoAfrica.net is R 7,539
R66immo · index
The current average rental price per square meter for a 2 bedroom property in Margate on ImmoAfrica.net is R 66
R4,815immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 1 bedroom property in Margate on ImmoAfrica.net is R 4,815
R82immo · index
The current average rental price per square meter for a 1 bedroom property in Margate on ImmoAfrica.net is R 82
R25,000immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 4 bedroom property in Margate on ImmoAfrica.net is R 25,000
R198immo · index
The current average rental price per square meter for a 4 bedroom property in Margate on ImmoAfrica.net is R 198
immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index
Currently, there is not enough data to give you an estimated price. Please check back soon.
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