Web Ref RL947911
R7,920,000
Monthly Bond Repayment R85,829.59
Calculated over 20 years at 11.75% with no deposit.
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Investment opportunity!
Prime investment opportunity located on the main road of Marine Drive of the suburb St Michaels On Sea, close to many amenities and the very well-known St Michaels Beach.
This Apartment block consists of 30 bedrooms, totaling approximately 1,059.26m building under roof. The perfect investment for generating a monthly income!
The subject property breaks down as follows:
The first Front building - 5 x Three bedroom duplex units that comprise of a kitchen, lounge, verandah, and 2 bathrooms.
2 x Two Bedroom apartments with a kitchen, lounge, sun room and bathroom.
The Second building - 1 Main Building consists of 8 rooms but has been split into 3 separate accommodation units with bathrooms.
The Third Building - 3 Bedroom Unit & 1 bathroom
The fourth Building - 2 Large Rooms being used as Classrooms with a shared bathroom.
The Fifth Building - 1 large office with 2 bathrooms.
If you have any inquiries or would like to view the property, please contact me!
This Apartment block consists of 30 bedrooms, totaling approximately 1,059.26m building under roof. The perfect investment for generating a monthly income!
The subject property breaks down as follows:
The first Front building - 5 x Three bedroom duplex units that comprise of a kitchen, lounge, verandah, and 2 bathrooms.
2 x Two Bedroom apartments with a kitchen, lounge, sun room and bathroom.
The Second building - 1 Main Building consists of 8 rooms but has been split into 3 separate accommodation units with bathrooms.
The Third Building - 3 Bedroom Unit & 1 bathroom
The fourth Building - 2 Large Rooms being used as Classrooms with a shared bathroom.
The Fifth Building - 1 large office with 2 bathrooms.
If you have any inquiries or would like to view the property, please contact me!
Features
Pets Allowed
Yes
Interior
Bedrooms
30
Bathrooms
19
Kitchen
12
Reception Rooms
7
Furnished
No
Exterior
Security
Yes
Parkings
1
Flatlet
11
Pool
No
Sizes
Land Size
3,044m²
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St Michaels On Sea, Margate
Welcome to Margate, a charming coastal town on the KwaZulu-Natal South Coast of South Africa. Margate offers a delightful blend of seaside relaxation and dynamic urban living.Margate is famous for its stunning coastline, golden sandy beaches and warm Indian Ocean waters. The main beach, a Blue Flag beach, is perfect for swimming, sunbathing, and water sports. Lifeguard-patrolled and equipped with amenities, it’s a...
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