R 2 445 000
| 16 Bedroom House for Sale in Margate
16
10
18
Fantastic investment property that is already up and running
This pet friendly property consists of a main 3 bedroom house as well as 8 flats. It is located in a safe, quiet area of Margate and is a mere 5 minute drive to the beach and even less to the shopping malls.
As the property is already generating a very good income, the family are very sad to let it go but because of a family crisis, they have decided to let it go. The breakdown of each section is as follows: The main house is 3 bedrooms, there are 5 x 2 bedroom flats and 3 x bachelor flats – a total of 16 bedrooms, 10 bathrooms, 3 garages, 15 parkings and 2 storerooms. There is a Jojo water tank that is connected to each unit and all the flats have a gas geyser and stove and a great plus factor is that the electricity is Prepaid. There is also a large swimming pool which is going to be re-fibre glassed. The house and all the flats are tenanted with good reliable tenants already so you do not need to start looking for good tenants.
Give me a call to arrange an exclusive viewing of this property.
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Contact AgentWeb Ref 112731544
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