Property features

R6 200 000

Property Details

Listed 08/04/2025 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