R11,550,000

R11,550,000

1,896m² Apartment Block For Sale in St Michaels On Sea
Covered
Open
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Prime Investment Opportunity: Block of 14 Flats for Sale in Uvongo Beach

Web Ref. CL167
Land size 1896.00 m²
Floor size 1896.00 m²
Monthly Bond Repayment
R105,652.38
An exceptional income-generating investment opportunity in the heart of Uvongo Beach! This lucrative property, rarely available on the market, is now ready for the right investor with the vision to transform it into a modern landmark.

With an impressive nearly 100% occupancy rate for long-term rentals and secure lease agreements in place, this property guarantees a steady income stream. Each unit is thoughtfully designed for comfortable living, making it highly attractive to tenants.

Property Features:
✔ 14 Well-Designed Units:

4 x Three-bedroom, two-bathroom units

9 x Two-bedroom, two-bathroom units

Each unit boasts its own unique design and layout, with private balconies or patios for outdoor living.

✔ Excellent Amenities:

Private swimming pool and braai areas for tenants

14 carports plus additional visitor parking

Potential to add a bachelor’s flat for extra rental income or on-site supervisor accommodation

✔ Prime Location:

Walking distance to Uvongo Beach and local shops

Easy access to schools, shopping malls, and public transport

This is a rare investment opportunity with high rental demand and excellent growth potential. Contact me today for further details and to arrange a viewing by appointment only.
Monthly Levy R0.50
Monthly Rates R3,000
Total R3,000.50

Features

Zoning
Commercial
Interior
Sizes
Land Size 1,896 m²
Floor Size 1,896 m²
Parking Bays
14 Covered Parkings
6 Open Parkings
Additional Amenities
Lapa
Splash Pool
Water Tank
Listing Info
Date Listed 24-03-25
Time Listed 11:22

St Michaels On Sea, Margate

Google map for 1,896m² Apartment Block For Sale in St Michaels On Sea

Disclaimer

While every effort will be made to ensure that the information contained within the Mandated Property Group website is accurate and up to date, Mandated Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.