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Commercial Property in Margate For Sale

R2 500 000

Bedroom icon 8 8 444m2 971m2
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Commercial Property in Margate For Sale

Investor's Complex with 4 Apartments in Margate

Bedroom icon 8 8 444m2 971m2

Commercial Property in Margate For Sale

Investor's Complex with 4 Apartments in Margate

R2 500 000

Monthly Bond Payment: R

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8 Bedroom icon 8 971m2

Features

  • Parking 8

Description

This "elegant", complex with it's "OLD WORLD CHARM", needs very little TLC to make it a land mark building in the holiday town of Margate on the South Coast. As Margate is fast gaining it's popularity as a holiday destination, THIS IS AN OPPORTUNITY NOT TO BE MISSED!!!! The complex has 4 very spacious apartments, each with 2 bedrooms and 2 bathrooms. This building has no structural problems at all and stands strong next to Marine Drive , beautifully located near the shops , the beach and other amenities that the town has to offer. The location is not in center Margate, rather towards Manaba, close to Manaba Spar. BRILLIANT LOCATION!!

The units are almost identical to each other, with 2 being 110 square meters and 2 being 112 square meters. As you enter the spacious lounge/ dining room/ kitchen areas, the apartments are all light and airy. Towards the ocean's side, the lounges open with sliding doors to lovely, broad balconies. Here one can enjoy the sounds and breeze of the wonderful Indian ocean, have breakfasts, sundowners and entertain friends. (The bottom 2 have burglar bars for optimal security). The open plan kitchens are opposite the lounges and are of good size. The exceptionally large main bedrooms are en-suite and open with sliding doors to the same broad balcony as the lounges. The second bedroom is also of good size, as is the 2nd bathroom. As you go upstairs to the 2 top apartments, you enter to a real old fashioned entrance hall with a locked door. Quaint and stylish, perfect for leaving wet umbrellas. There is a communal braai area and laundry. Each of the 4 apartments has it's own lock up garage of which 2 are automated. The complex is not fenced and has a pretty little garden. Each apartment has all ready been registered as a separate sectional title, should you wish to sell one of them off. Call me and arrange a viewing!

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 2,400

Property Details

Web Ref RXSB-5776
Property Type Commercial Property
Building Size 444m2
Erf Size 971m2
Bedrooms 8
Bathrooms 8

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Melanie Brierley

Full Status Property Practitioner

RE/MAX Coast and Country (Shelly Beach)

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Enquiry about property Ref:RXSB-5776

R2 500 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

Melanie Brierley

Full Status Property Practitioner

RE/MAX Coast and Country (Shelly Beach)

MessageCall me back Whatsapp
Book a viewing

Contact Melanie Brierley

Agent profile picture

Melanie Brierley

Full Status Property Practitioner


RE/MAX Coast and Country (Shelly Beach)

Show number

Show number

Enquiry about property Ref:RXSB-5776