18 Bedroom Freehold For Sale in Margate

R5,375,000

10 Hibiscus Ave

Monthly Bond Repayment R58,249.25
Calculated over 20 years at 11.75% with no deposit.

Web Ref No TPR4374

Investment Property with a Breath taking Seaview.

Property is still one of the best investments and this is an excellent opportunity to earn a very attractive rental income from the 11 units this property has to offer.
What this property has to offer:
~ 11 Income generated units… 7 x 2 Bedrooms and 4 x 1 Bedrooms (currently all have tenants)
~ 2 Store rooms
~ Staff room
~ Braai area,
~ 6 lock up garages
~ 2 carports
~ 2 x 10 000 litre water tanks that are connected to each unit,
~ Prepaid electricity and individual water meters… PLUS a Seaview like no other!
If you are not ready to retire… the opportunity to invest in this property is your answer and it is located close to all amenities in, shops, restaurants, hospitals, and walking distance to Margate main beach.

Features

Bedrooms 18
Security Yes
Bathrooms 11
Recep. Rooms 22
Dom. Accom. 1
Garages 6
Land Size 2,023m²
Carports/Parkings 2
Monthly Rates R1,800.00