Coastal investment near Margate beach, mall and airport — versatile layout with private flat, pool and undercover bar area; six bedrooms and four bathrooms ideal for guesthouse income.
EXCLUSIVE MANDATE
ATTENTION INVESTORS
PERFECT INCOME GENERATOR ON MULTIPLE LEVELS - Perfect guesthouse opportunity as well!
You can have a 6-bed house? You can have a 4 Bed House + 2 bed Flat? You can have 3 x 2 Bed Income flats You Can have a perfect GUESHOUSE
Margate is based on the lower South Coast and is well known for the popular main beach and activities. The town offers holiday investments but also provide a lot more when you look at property investment and residential rental income investments. Margate also offers a top-class private hospital, Hibiscus Mall and the local airport with lots of development investment plans in the near future. Margate Ext 3 was developed as a new extension of the greater Margate and focusing more on residential properties.
This is a unique property at a perfect location. The property is well maintained and offers more than the average house in the area. A perfect 4-bedroom, 3-bathroom family home with lots of additional space for entertainment. The well laid out pool area and undercover area to the bar is ideal for hosting family and friends. The low maintenance garden is perfect for the busy family that enjoy the garden without the hard work. All the rooms are spacious and private. The open plan living is ideal for the bigger family with a cozy kitchen and a dining room leading to the garden.
Don`t forget the totally private flat. Enjoy your own entrance, parking and even a garden with an undercover patio. The modern kitchen and lounge are perfect for live in parents or starter families to rent from you to assist with the bond. Both bedrooms are a good size with a separate bathroom. For the bigger family this property can easily be joined to a massive 6-bedroom house, ideal for a Bed and Breakfast.
This property offers so much potential in multiple ways to invest. Use it for yourself and rent the flat out to assist with the bond. With a bit of imagination and very little cost it could make the perfect bed and breakfast that would be ideal for the location so near the airport. For the right investor this property could be a generous income generator when diverted to 3 individual flats. The opportunities are endless and that makes this property a must view. At the perfect price, location and all the different market features this property will not remain on the market for long so do not delay call me today for a viewing.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,650,000
Price reduced by 1.5% to R1,625,000
Price reduced by 1.8% to R1,595,000
Price reduced by 2.8% to R1,550,000
Margate Central offers a vibrant coastal lifestyle characterized by its iconic blue-flag beaches, bustling holiday atmosphere, and convenient access to essential amenities, making it an ideal location for those seeking a relaxed seaside home.
* Distances and amenities are approximate.