Investment Opportunity- Block of Flats for Sale in Margate

This block of flats for sale consists of two units on the ground floor and two on the first floor. Each unit has two bedrooms and two bathrooms, one of which has a shower and the other an en-suite with a bathtub. The layout of each unit includes an open-plan kitchen, lounge, and dining area.

One of the standout features of this property is its proximity to the beach, as it is within walking distance. Each unit’s main bedroom and lounge lead to a balcony or veranda, providing a relaxing outdoor space for residents to enjoy. Zoned for Bed and breakfasts, hotels, guest lodges, and a hotel, this is a great investment opportunity.

Each of the four units also has a single garage, ensuring convenient parking for residents. Additionally, there is a communal braai area, perfect for hosting gatherings and enjoying outdoor meals.

This block of flats offers eight bedrooms and is being sold as a whole. There is also a separate laundry room equipped with three washing machines, providing convenience for residents.

Currently, the bottom units are rented out for approximately R6500 per month, offering potential income for the new owner.

Please watch the video for a virtual tour of the two top units.

View by appointment only