7 Bedroom House For Sale in Uvongo, Margate

Property description

*SOLE MANDATE*

Property investors, business investors, retirees...here is a great opportunity for you!! With the rental market so high in demand, this should get you excited!

This property is located on the beach side of Uvongo, in the suburb of St Michaels and offers an incredible opportunity to someone looking to make a great return off rental income. Divided into 4 separate income generating flats, currently bringing in an income of R18 000 monthly, with the potential to achieve more, makes this a huge attractive feature, rentals and properties such as this are in HIGH demand in this area.

Flat breakdown and rental income:
Upstairs 2.5 bed/2 bathroom flat with spacious lounge and kitchen and sea views R6000
Downstairs 2 bed/2 bath flat with spacious lounge and kitchen R5500
2 bed/1 bath detached cottage R4500
1 bed studio R2000

All flats have pre-paid meters already installed, and water is included in their rental. Low maintenance garden and property.

The property has had a huge makeover and therefore offers a seamless takeover to the new owner who can continue with the leases already in place.