Apartment Block For Sale In Margate

Prime Investment Property with Spacious Main Residence – Uvongo, South Coast

Asking Price: R16,400,000

Located in Uvongo on the South Coast, just 2 minutes’ drive from the beach and all amenities, this exceptional and well-maintained property offers a rare combination of strong income generation and luxury residential living.

Main House (Private Entrance):

The main residence is separate from the apartments and comprises:

• 6 Bedrooms
• 4 Bathrooms
• Spacious lounge
• Fully fitted kitchen
• Gym
• Private swimming pool
• Entertainment area
• 6 Garages

Perfect for owner occupation, executive rental, or additional income potential.

Apartment Block – Immediate Rental Income:

The property further includes 14 fully tenanted apartments, each offering:

• 2 Bedrooms
• Lounge
• Kitchen
• Lock-up garage

• Pre-Paid Meters

• Borehole

Each apartment currently generates R6,000 per month, excluding water and electricity, ensuring a stable and consistent income stream from day one.

Additional Information:

• Monthly municipal rates: ±R9,000
• Property size: 8,112 sqm
• Prime coastal location with strong rental demand
• Well maintained throughout
• Fully tenanted – no vacancy risk
• Excellent long-term investment potential

This is a turnkey investment opportunity in one of the South Coast’s most desirable areas, combining lifestyle, location, and reliable returns.