Apartment for sale
Beachside retirement or holiday investment in Margate CBD, steps from main beach and mall, landmark building with lifts, distant sea views and two bedrooms, two bathrooms.
PERFECT INVESTMENT
* MARGATE CBD LOCATION
* RENTAL INCOME OPPORTUNITY
* RETIREMENT
* FIRST INVESTMENT
* MOVE IN READY
Margate is a well-known holiday destination and retirement option. The location is perfect and a stone throw from everything. The town will always be a safe investment opportunity with a high demand for rental properties. This apartment block is a landmark in Margate CBD and is walking distance to the main beach and Margate Mall. The building offers lifts and is maintained very well with a strong body corporate managing the building.
Your investment is on the third floor on the side of the building with distant town and limited sea views. The well-maintained apartment is light and spacious. As you enter the kitchen is on your left and a bedroom to the right. You are welcomed to a large open plan living space consisting of the lounge and dining room that flow to the second bedroom on the left. The guest bathroom is next to the bedroom and has a bath. The large bedroom with build in cupboards and a ceiling fan also has distant sea views. The second bedroom has a on-suite bathroom with a shower.
This apartment is in high demand for holiday or permanent rentals and would be a definite asset to any investment portfolio holder. At this price and the reasonable levies and rates you have the perfect income generator. Looking at retiring in a central location with beach access? This property is ideal and priced right with low running costs.
Opportunity sums this apartment up perfectly so lets make that offer today?
Listed for sale at R650,000
How does this home’s price compare with similar properties?
Price comparison based on 16 similar-sized 2-bed homes.
Insight
Priced 18% below the local median - and below the typical range in Margate Central.
Compared with 16 similar homes (20 listings) in Margate Central.
It sits below similar homes even on a price-per-m² basis - condition, position or finishes may explain the gap.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Margate Central offers a vibrant coastal lifestyle characterized by its iconic blue-flag beaches, bustling holiday atmosphere, and convenient access to essential amenities for permanent residents.
