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R 11 550 000
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Apartment / Flat for Sale in St Michaels On Sea

Margate, St Michaels On Sea

parking 20 Floor Size 1896 m² Erf Size 1 896 m²
Prime Investment Opportunity: Block of 14 Flats for Sale in Uvongo Beach
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 Read more...
Parking: 20
Listing Number
115766470
Type of Property
Apartment / Flat
List Date
24 March 2025
Erf Size
1 896 m²
Floor Area
1 896 m²
Price per m²
R 6 092
Levies
R 1
Rates and Taxes
R 3 000
Parking
20
Backup Water
Water Tank
Pool
Splash Pool

Education

Nontshuntsha Cp
2.20km
Margate Middle School
2.94km
Evangel Christian
3.91km
Izotsha Primary School
4.47km
Dlukulwane Primary School
5.52km
Mhlabuhlangene Js
5.52km
Margate Primary School
5.52km
Gamalakhe Commercial H
5.79km
Isikhuthali Primary School
5.84km
Buhlebezwe Sp
5.85km
Gamalakhe Jp
6.06km
Creston College
6.14km
Sethembinkosi Jp
6.15km
Ohlangeni Jp
6.17km
Galeni H
6.22km
Mavundla Primary School
6.24km
Ingwemabala Comprehensive H
6.34km
Nositha Primary School
6.51km
Olwandle H
6.54km
Ensimbini Cp
6.93km
Ezwelihle Primary School
7.36km
South Coast Academy
7.66km
Insingizi Primary School
7.97km
Paddock Primary School
7.99km
Merlewood S
8.17km
Merlewood Primary School
8.20km

Sports and Leisure

Margate Caravan Park
5.20km

Transport and Public Services

Saint John's Lutheran Church
2.42km
Margate United Church
4.37km
Norwegian Settlers Church
7.45km

Contact Agent

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Louis van Wyk

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