Location

The charming coastal town of Margate is located on the South coast of KwaZulu-Natal. Spanning from Shelly Beach to Southbroom, Margate is well-known for its golden beaches fringed with palm trees, cosy coves, stunning rivers and lagoons. Packed with seaside resorts and various attractions, property for sale in Margate is ideal for those looking for a family holiday house or for long-term living.

Description

Own this entire seaside holiday complex, consisting of 8 units with a total of 24 bedrooms and able to accommodate 64 guests. The property is located on the border between Margate and Ramsgate, less than 20m from the shoreline, with sea views.

The financial statements of the body corporate are extremely healthy and the rental income generated from Airbnb revenue makes this a once in a lifetime investment opportunity. All units have recently been revamped with stylish modern interior, high quality furniture and state of the art appliances. All furniture and appliances are included in the sale.

* Villas 1 to 4*
- Double storey duplex
3 Bedrooms, 2.5 bathrooms (main en-suite)
Open plan lounge, dining room & kitchen, undercover patio with barbeque
Single garage with automatic door plus a single reserved parking bay

* Villas 5 to 8*
- Triple storey duplex
3 Bedrooms, 2.5 bathrooms (main en-suite)
Open plan lounge, dining room and kitchen with undercover patio with barbeque
Separate laundry
Single garage with automatic door plus a single undercover parking bay

The complex has a generator, communal swimming pool, games room and staff accommodation. The financials of the body corporate, as well as the rental enterprise is available for inspection by pre-approved buyers after signing an NDA.