R7,900,000

R7,900,000

22 Bedroom Apartment Block For Sale in Margate
22
Bedrooms
11
Bathrooms
5
Garages
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Investor's Dream in Margate with Spectacular Sea Views

Web Ref. WRL88992
Land size 1067.00 m²
Monthly Bond Repayment
R78,872.01
Come and discover this unassuming yet highly rewarding apartment block in the heart of Margate. This exceptional investment opportunity consists of five spacious units, available for purchase as a complete package or as individual units (preconditions applies) to suit your investment goals.

Perfectly positioned just as you're exiting Margate town centre, this property offers the ideal balance of convenience and coastal living. Residents can enjoy a short stroll to the beach, shops, restaurants, and all the amenities the town has to offer.

Whether you're looking to generate income through long-term rentals, holiday accommodation, or even secure a permanent seaside residence, these versatile units offer endless possibilities. Each apartment is generously sized, featuring four to six bedrooms and two full bathrooms, making them ideal for larger families and holidaymakers alike.

For added convenience, all units include a dedicated laundry area complete with washing and drying appliances. The apartments are also well-appointed, with Units 1, 2, 3, and 5 being sold fully furnished, while Unit 4 is partly furnished.

The property offers excellent parking and additional features:
• Unit 1 includes a double lock-up garage and a private swimming pool.
• Unit 2 includes a double lock-up garage.
• Units 3, 4, and 5 each feature a single lock-up garage as well as secure parking for an additional two vehicles.

One of the standout features of this remarkable property is that every unit enjoys breathtaking sea views, creating an enviable coastal lifestyle that is sure to appeal to both tenants and owners. Combined with their spacious layouts, quality furnishings, and prime location, these apartments offer exceptional value and versatility.

You simply must see this property to fully appreciate the incredible value on offer. From the generous living spaces and stunning ocean views to the excellent rental potential and versatile accommodation options, this is an opportunity that photographs and words alone cannot adequately capture.

With strong rental potential, flexible ownership options, and an unbeatable location close to the beach and town centre, this property presents a rare opportunity for savvy investors seeking excellent returns and long-term value.

Don't miss this outstanding opportunity to own a piece of the South Coast's thriving property market, whether as a complete investment portfolio or as individual units tailored to your needs. Arrange your viewing today and experience the value for yourself.
Monthly Levy R3,500
Monthly Rates R1,900
Total R5,400

Features

Interior
22 Bedrooms
11 Bathrooms
5 Kitchens
5 Lounges
5 Dining Rooms
1 Study
Exterior
5 Garages
7 Parkings
Pet Friendly
Pool
Security
Scenery / Views
Sizes
Land Size 1,067 m²

Disclaimer

While every effort will be made to ensure that the information contained within the Wakefields website is accurate and up to date, Wakefields makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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