Web Ref RL3263
R5,850,000
10 Hibiscus, Margate, Margate
Monthly Bond Repayment R57,426.13
Calculated over 20 years at 10.25% with no deposit.
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Monthly Rates
R2,200
R2,200
Prime Multi-Dwelling Investment Opportunity, Fully Tenanted & Income-Generating!
Prime Multi-Dwelling Investment Opportunity – Fully Tenanted & Income-Generating!
📍 Location, Location, Location! Nestled in a quiet street just off Marine Drive in the heart of Margate, this exceptional investment property is a rare find. Offering a high rental yield, no renovations required, and a fully tenanted setup, this is the perfect opportunity for investors looking for a hassle-free, income-generating asset.
✨ Key Features:
✔ Impeccably Maintained – On-site caretaker ensures seamless management.
✔ Individual Meters – Each unit has its own pre-paid electricity and water meter.
✔ Move-in Ready – Fully tiled units, built-in cupboards, and ceiling fans.
✔ Backup Water Supply – 10,000L JoJo tank with a pump servicing all units.
✔ Secure Parking – 6 single garages + 2 carports behind a fully walled perimeter with a single access gate.
💰 Property Breakdown: 11 Units in Total
UNIT 1-9: A mix of 1- and 2-bedroom apartments with kitchens, lounges, and bathrooms.
UNIT 10 & 11: Log cabins with partial sea views, 2 bedrooms, kitchen, lounge, bathroom, and patio.
🚀 An Investment You Can’t Afford to Miss! With stable tenants in place, a sought-after location, and minimal maintenance required, this property is an absolute gem for serious investors.
📞 Don’t miss out! Contact us today for an exclusive viewing.
📍 Location, Location, Location! Nestled in a quiet street just off Marine Drive in the heart of Margate, this exceptional investment property is a rare find. Offering a high rental yield, no renovations required, and a fully tenanted setup, this is the perfect opportunity for investors looking for a hassle-free, income-generating asset.
✨ Key Features:
✔ Impeccably Maintained – On-site caretaker ensures seamless management.
✔ Individual Meters – Each unit has its own pre-paid electricity and water meter.
✔ Move-in Ready – Fully tiled units, built-in cupboards, and ceiling fans.
✔ Backup Water Supply – 10,000L JoJo tank with a pump servicing all units.
✔ Secure Parking – 6 single garages + 2 carports behind a fully walled perimeter with a single access gate.
💰 Property Breakdown: 11 Units in Total
UNIT 1-9: A mix of 1- and 2-bedroom apartments with kitchens, lounges, and bathrooms.
UNIT 10 & 11: Log cabins with partial sea views, 2 bedrooms, kitchen, lounge, bathroom, and patio.
🚀 An Investment You Can’t Afford to Miss! With stable tenants in place, a sought-after location, and minimal maintenance required, this property is an absolute gem for serious investors.
📞 Don’t miss out! Contact us today for an exclusive viewing.
Features
Pets Allowed
Yes
Interior
Bedrooms
19
Bathrooms
12
Kitchen
10
Reception Rooms
20
Furnished
No
Exterior
Garages
6
Security
Yes
Parkings
6
Flatlet
10
Pool
No
Sizes
Land Size
2,023m²
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