House for sale
Beachside convenience near Margate town, hospital and shops — ideal for investors or multi-family living. Four income-generating units with a huge wooden-topped kitchen; 15 bedrooms, 8 bathrooms.
Located close to town, the clinic, Margate Private Hospital, Margate Industrial Park and beach this complex presents a lucrative investment opportunity for discerning buyers. It consists of four units.
BREAKDOWN OF UNITS:
Unit 1
This huge apartment has been partitioned into two big units each with two bedrooms, open plan lounge, kitchen and bathroom.
This unit can accommodate two families or can be used by four different individuals.
Unit 2
The apartment has been divided into two big units. Each unit has two bedrooms, a bathroom and a kitchen plus a spacious open plan living
and dining area. The only thing the apartment needs is paint, and you are ready to put on your tenants, or you can live in one apartment and let the other one out bringing in extra income.
Unit 3
This huge four bed two bath apartment is a great income generator. The unit has been split into two big units, each with two bedrooms, bathroom, open plan lounge, dining and kitchen. The first unit has a shower, toilet and basin. The second one has a bath, toilet and basin. These two units are presently being let out for holiday makers but can easily be let for long term permanent rental.
Two families can easily live together, or four different individuals can share the apartment with ease. The options are endless!
Unit 4
It has three bedrooms, two separate living rooms, a huge kitchen and two bathrooms. The kitchen is big and bright with exquisite wooden tops that give it character. The main bedroom is set separately from other bedrooms giving you privacy. It has an en-siute and private pyjama lounge.
The complex is centrally located, with automatic gate, close to town and other amenities like shops, beach, hospital, schools etc.
Listed for sale at R3,795,000
How does this home’s price compare with similar properties?
Price comparison based on 6 similar-sized 5+ bed homes.
Insight
Priced 29% below the local median - and below the typical range across Margate.
Compared with 6 similar active listings across Margate.
It sits below similar homes even on a price-per-m² basis - condition, position or finishes may explain the gap. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages - check with the agent for local guidance.
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.
