Updated 09/06/2025
Seahorse Complex – Your Next Investment Opportunity in Margate, KZN!
Discover the potential of Seahorse Complex, a gem perfectly positioned in the heart of Margate.
5 x 2 bedroom units, 4 Occupied
R4500 P/M Excluding water & Lights
10 x 1 Bedroom units, 7 Occupied
Starting from R3250 - R4250 P/M Excluding water & Lights
4 units not occupied and needs renovation before anyone could potentially rent.
Acquire this income-generating residential complex for R6.2million with a current gross ROI of 9.13%. With minor renovations to 4 additional units, unlock the full potential of the property and increase your returns to 12.42% gross ROI. 11 units already producing stable monthly income. 4 more units ready to be activated to enhance profitability.
A rare investment opportunity in a high-demand rental market.
With 15 versatile units—11 currently occupied—this property is brimming with opportunity. Each unit boasts the convenience of pre-paid water and lights, ensuring hassle-free living for residents and streamlined management for you.
Whether you're dreaming of a strategic restoration or an innovative complete remodel, this complex is your
canvas to create a standout living experience in the community.
Managed by Real & Proper Rentals—Real & Proper T's trusted sister company—with an exceptional team of
agents ready to guide you, your investment is in expert hands.
Ready to transform Seahorse into the next landmark project