13 Bedroom House For Sale in Shelly Beach, Margate

Property description

With this "Multi Unit Zoning" located close to St Michaels beach and to shopping centre, the most has been made of this stunning property by utilizing the allowable "coverage" to bring in a good Rental Income.

Retire in style in the main homestead which has its own heated private pool. This house has 3 bedrooms, 2 bathrooms, double garage and a lovely seaview from the huge verandah out front.

Collect the rental from the modern 6 flats on the property which are fully tenanted with leases in place. There are 2 bedrooms and 1 bedroom units, all with aircons, granite top kitchens and fitted stoves.

There is a communal pool, thatch braai lapa on the premises for all tenants to enjoy.

The property is secured with CCTV, alarm & perimeter walling plus lighting and large paved areas linking the units.

There are JoJo tanks, 3 phase electricity, prepaid electricity meters and separate entrances to both home and to the units on the bottom level of the property.

All fully tenanted and property has been newly renovated.

Operating in terms of a franchise agreement with TYSON PROPERTY HOLDINGS (PTY) LTD.