1122 m² Land available in Margate

R 1 100 000

Martin Schonken

RE/MAX-Coast and Country Shelly Beach

1122 m² Land available in Margate

R 1 100 000

Address: 58 marine drive
Land Area 1122 m² Rates R 750

Development land Margate

There are many plus factors for you the buyer on this property. First it is in the main street, great position on the North end of town and it has easy access to the sea which is just down the road from the site. Second the site has been leveled off. Third you can build to six storeys in height here. Fourth, the asking price is half of what the seller paid for it in 1997. Five REMAX have negotiated this on Sole Mandate for you.

The Zoned General Res 2. Now called Residential High Impact 3 which means you can not only cover the property by 50%, your FAR is 0.75, you can build to six storeys in height here as well. Hotel or multi-unit residential development will be allowed here. You could create off street parking with residential above, all units will have sea views then on the upper floors 3 to 6. They is provision for shop on site but it is not generally for business use only.

There is a strong buying sentiment in Margate right now, we need stock, we don,t have it to sell. There are are new buyers in town not asking too many questions, just show me the stock. I have met three new developers recently so the market is changing, we are coming to end of the cycle in this buyers market so if you don,t get in now this will be another missed lost opportunity.

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Martin Schonken

Martin

Schonken

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Experience Margate

If you’re an avid fisherman, surfer or just someone that loves glorious beaches, coastal forests, magnificent coral reefs and endless sunny days, then the South coast is the place for you. The heart of the KZN South Coast, from Shelly Beach to Ramsgate, has a vibrant atmosphere yet very laid-back lifestyle. The area boasts an abundance of leisure and sporting facilities. People go to work dressed very casually, residents are surrounded by holiday makers, restaurants are always busy and beaches are always attractive.

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1122 m² Land available in Margate

R 1 100 000

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