19 Bedroom House in Margate
Prime Multi-Dwelling Investment Opportunity, Fully Tenanted [removed] Income-Generating!
Prime Multi-Dwelling Investment Opportunity Fully Tenanted & Income-Generating!
Location, Location, Location! Nestled in a quiet street just off Marine Drive in the heart of Margate, this exceptional investment property is a rare find. Offering a high rental yield, no renovations required, and a fully tenanted setup, this is the perfect opportunity for investors looking for a hassle-free, income-generating asset.
Key Features:
Impeccably Maintained On-site caretaker ensures seamless management.
Individual Meters Each unit has its own pre-paid electricity and water meter.
Move-in Ready Fully tiled units, built-in cupboards, and ceiling fans.
Backup Water Supply 10,000L JoJo tank with a pump servicing all units.
Secure Parking 6 single garages + 2 carports behind a fully walled perimeter with a single access gate.
Property Breakdown: 11 Units in Total
UNIT 1-9: A mix of 1- and 2-bedroom apartments with kitchens, lounges, and bathrooms.
UNIT 10 & 11: Log cabins with partial sea views, 2 bedrooms, kitchen, lounge, bathroom, and patio.
An Investment You Cant Afford to Miss! With stable tenants in place, a sought-after location, and minimal maintenance required, this property is an absolute gem for serious investors.
Dont miss out! Contact us today for an exclusive viewing.
Property details
- Listing number T5015363
- Property type House
- Listing date 24 Mar 2025
- Land size 2 023 m²
- Rates and taxes R 2 200
Property features
- Bedrooms 19
- Bathrooms 12
- Lounges 10
- Dining areas 10
- Garage parking 6
- Flatlets
- Pet friendly
- Security post