8 Bed House in Margate

R 2 723 000

Soekie Schutte

Property Port

8 Bed House in Margate

R 2 723 000

8 Beds
6 Baths
4 Garages
Land Area 2313 m² Rates R 1243

GUEST HOUSE / B & B (INCOME GENERATING)

This is a fully operational Bed & Breakfast with magnificent sea views. It is a Mediterranean styled Villa, situated in a lovely tranquil part of Margate.

It is in immaculate condition and is being sold FULLY FURNISHED apart from a few items. There are 6 bedrooms, all with flat screen TVs - 3 en suite.

There is also an upstairs Executive Suite which has a lounge, kitchenette, 2 bedrooms, His & Hers bathroom & shower. A large walk in dressing room and a veranda which has an amazing view of the sea. The main residence has a separate lounge and a TV lounge. There is an undercover patio with a small cane bar with stunning sea views while sipping your ice cold glass of wine. The kitchen is well equipped to cater for all the guests while they sit in the spacious dining room and enjoy their scrumptious breakfast. There is a lovely pool to lay by while the kids enjoy themselves swimming and in the evenings you can enjoy a good piece of meat on the built in braai.

There is also a modern Prefab home on the property with a double bedroom and en-suite shower and bathroom. This unit presently houses the manager. There are four garages plus parking for four extra vehicles. This large property is completely walled with automatic driveway gates, intercom and an alarm system. This place is not marketed at all and the new owner can achieve significant figures with proper advertising and marketing.

The Villa is run by a very efficient manager, who will be willing to continue in this capacity for the new owners.

Bedrooms8

Bathrooms5

Living areas3

Study1

Pool1

Garages4

Staff Quarters1

Stand Size 2313 m2

Rates & TaxesR 1 243.03

This property is also a fantastic opportunity for people wanting to retire whilst still generating an income.

It would also be suitable for a large family or as a business venture.

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Key Property Features

8
Bedrooms
6
Bathrooms
1
Dining Areas
2
En-suite
4
Garages
1
Lounges
1
Open Parkings
Access Gate
Alarm
Balcony
Built In Braai
BIC
Entrance Hall
Garden
Intercom
Kitchen
Laundry
Pantry
Pool
Satellite
Staff Quarters
Tv

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Loan Value (Capital) R 0
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Total Repayment R 0
Interest at 7% for 20 years
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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.

Find out more about Margate

8 Bed House in Margate

R 2 723 000

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