12 Bed House in Margate

R 2 500 000

Ralph Reilly

Simply Online Properties

12 Bed House in Margate

R 2 500 000

12 Beds
4 Baths
Rates R 650

This 15 bedroom Boarding House for sale in Margate NPS R3.5 million negotiable.

2400 square meter land, situated in a commercial street, and is fully fenced. The plot is situated between Build it Hardware and Shoprite.

It is close to all valuable amnesties such as Police Station, Beach, Banks, Shops and Schools.

Establishment Information:

29.2 square meter hall

15 bedrooms, each have their own shower, toilet and basin.

All rooms are equipped with Eskom 20A prepaid meters.

The hall is equipped with a SAMSUNG plasma TV and decoder including a long range of multi-use tables with 45 chairs. The hall is fully air conditioned.

Water is supplied by borehole of clean consumable water. The underground water is available 20m to 68m below the surface and we have never experienced water shortages even during severe droughts. Municipal meter was removed due to our request that means we are not billed for water consumption.

I am wanting to sell 2 cars included in the price as well of which you can pictures of along with the property pictures.

Movable assists included in the price:

1 Freezer

1 Defy Fridge Freezer

3 Bunner gas stove

Cutlery, cadac gas braai, 500lt Jojo Tank, washing machines, dryers and griller

1 Toyota Fortuner 2013 model (diesel) with a service history of 156 000km

1 Nissan Tiida 2008 model 160 000km (these cars are used for the transportation of kids to and from school)

23 Bunk beds

10 study desks

Stability of the business:

Current income per month off 40 kids at R2300 per learner.

We also have 1 permanent resident with the rental amount of R2500 per month.

During the December holidays the establishment is used for holiday seekers and normally fully booked in the festive season. This shows that the business is stable and running smoothly.

We are excited to let you know that Simply Online has launched a unique property viewing tool, SMART VIEW. Book a 'property viewing with the seller via a live video feed. Viewings are held on a '1 on 1' basis, or as an 'Open House', allowing up to 50 viewers to participate in one single viewing.

Be sure to enquire on this property and Simply Online will be sure to send you login details to our platform allowing you to take advantage of our SMART VIEW tool!

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Key Property Features

12
Bedrooms
4
Bathrooms
2
Covered Parkings
Furnished
Study

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Ralph Reilly

Ralph

Reilly

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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

12 Bed House in Margate

R 2 500 000

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