R2,280,000

R2,280,000

16 Bedroom Freehold For Sale in Margate
16
Bedrooms
10
Bathrooms
3
Garages
Private Sale
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FANTASTIC INVESTMENT PROPERTY

Web Ref. RLA4046
Land size 2175.00 m²
Monthly Bond Repayment
R22,763.06
This exceptional pet-friendly property presents a rare opportunity for investors seeking a substantial income-generating asset in a peaceful and well-established area of Margate. Ideally situated just a short drive from the beach, shopping centres, and other essential amenities, the property offers both convenience and strong rental appeal. The development consists of a spacious three-bedroom main house together with eight self-contained flats/flatlets, comprising five two-bedroom units and three bachelor flats. In total, the property boasts 16 bedrooms, 10 bathrooms, 3 garages, 15 parking bays, and 2 storerooms, providing ample accommodation and excellent rental potential. Practical features such as prepaid electricity, gas geysers, and stoves in all the flats help keep utility costs manageable for tenants while enhancing the property's attractiveness as a rental investment.

The main residence has been tastefully renovated and offers comfortable family living with quality finishes throughout. The attractive kitchen features beautiful Cherrywood cabinetry, an electric oven, and a gas hob, creating a warm and functional space for everyday living. The lounge enjoys stunning elevated views, where an abundance of birdlife and natural surroundings create a tranquil atmosphere that is sure to impress. A JoJo water tank connected to all units adds valuable water security, further enhancing the property's appeal. While some minor maintenance and tender loving care could unlock its full potential, the foundations are already in place for this property to become a highly rewarding investment with multiple income streams. Opportunities of this size and versatility are seldom available, making this an excellent choice for both seasoned investors and those looking to expand their property portfolio.
Contact me today to arrange an exclusive viewing and experience the potential of this remarkable property firsthand
Monthly Rates R2,200

Features

Interior
16 Bedrooms
10 Bathrooms
3 Kitchens
3 Lounges
1 Dining Room
1 Study
Exterior
3 Garages
15 Parkings (Secure Parking)
8 Flatlets
Pet Friendly
Balcony
Security
Scenery / Views
Sizes
Land Size 2,175 m²
Additional Amenities
Above Road
Bachelor Studio
Backup Water
Balcony
Breakfast Nook
Burglar Bars
Curtain Rails
Dishwasher Connection
Dual Living
Driveway
Electric Fencing
Electric Gate
Extractor Fan
Freestanding
Garden
Garden Flat
Garden Steep
Gas Hob
Granny Flat
Residential
Satellite Dish
Security Gate
Secure Parking
Storeroom
Tiled Floors
Under Counter Oven
Visitors Parking
Washing Machine Connection
Wheelchair Accessible
East
Wood Window
Gas Geyser
Water Tank
Listing Info
Date Listed 04-06-26

Margate, Margate

Google map for 16 Bedroom Freehold For Sale in Margate

Disclaimer

While every effort will be made to ensure that the information contained within the Acutts Real Estate website is accurate and up to date, Acutts Real Estate 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.