R 5 850 000
calculate bond costs

19 Bedroom House in Margate

19 12 6 2 023 m²

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

Photo gallery

Video