Margate, Margate, KwaZulu-Natal ID 882297
House
5.0
5
504m2
1900m2
UPDATED 7 NOV 2024 This exceptional family home in the coveted Margate Manaba area presents a unique opportunity with its versatile layout and income-generating potential. Situated on an expansive 1900 square meter stand with lovely ocean views, this property boasts 3 flats and the potential for 2 more, making it an ideal investment for monthly income. The upper level features 2 spacious master bedrooms, each with full en-suite bathrooms equipped with Bath, shower, toilet and basin. The open-plan kitchen, dining area, and well-appointed lounge lead out to a balcony with a built-in braai and bar area, perfect for entertaining while enjoying the picturesque sea views. Additionally, an in-progress studio apartment on this level offers versatility as a bedroom or additional living space. On the lower level, you'll find 2 separate flats with kitchens, lounges, and bathrooms, providing great rental income opportunities or accommodation for extended family. The first flat includes a large bedroom with a full en-suite bathroom, while the second flat offers a generous bedroom and a lavish bathroom fitted with a corner bath tub designed for comfort and relaxation. Outside, the meticulously maintained garden features a substantial swimming pool and Jacuzzi, creating a serene retreat for all seasons. With an extra-length double lock-up garage accommodating up to 3 vehicles, staff quarters, and backup water tanks from the 2 boreholes, convenience and functionality are ensured. With the potential to convert additional spaces into 2 more flats and ample land for parking and guest accommodation, this property offers endless possibilities for customization and income generation. With your personal touch and a bit of TLC to complete the renovations, this home is poised to fulfill your vision. Fixer uppers DREAM… Don't miss the opportunity to explore this remarkable property with its numerous amenities and potential. Schedule a viewing today to uncover the exceptional lifestyle it offers!
Real and Proper T
Interested in properties in this area? Enter your email and get regular updates about properties.
Property Not Available? Report it