Margate - MR085130

Apartment in Margate, KZN Hibiscus Coast, Kwa-Zulu Natal

R 650,000 Sold

... Numbers not adding up?

Private Property

Highest Received Offer was R 650,000

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72m2
Margate - MR085130
Apartment in Margate, KZN Hibiscus Coast, Kwa-Zulu Natal
R 650,000
2 Bedroom Apartment For Sale in Margate - Private Sale - MR085130
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Front View
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SOLD
Property has been sold

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Front View of property in Margate
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Lounges - 15 square meters of property in Margate
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Lounges - 15 square meters of property in Margate
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Kitchen - 10 square meters of property in Margate
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Kitchen - 10 square meters of property in Margate
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Main Bedroom - 20 square meters of property in Margate
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Bed Room 1 - 16 square meters of property in Margate
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Main Bathroom - 5 square meters of property in Margate
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Patio of property in Margate
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Patio of property in Margate
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72m2
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Key Features

Rooms

  • 2 Bedrooms
  • 1 Bathrooms

Services

  • Levy R826
  • Rates and Taxes R506

Entertainment

  • Pool

Parking

  • Car Port 1

More Features

  • Property Type - Apartment
  • Seller Type - Private Property
  • Floor Area - 72m2
  • Price per square floor meter - R9,028 per m2

MyRoof Stats

  • 1362 Views
PID=85130 DID=75571 SID=1

Location

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Comments & Notes

This superbly located comfortable two bed modern ground floor apartment with patio offers the perfect family getaway. The complex overlooks a secluded bay approximately 1km south of the Margate main beach and is a short walking distance away from the fishing pier. With just a tranquil coastal road to cross directly in front of the complex, it’s an easy access to the beach.

 

The unit, offering 50 degree sea views from the main bedroom with occasional dolphin and whale sightings from the complex .

 

It consist of a main bedroom with double bed, a second bedroom with a double bed / single bed bunker combo and a sofa bed in the living room. (Unit sleeps up to 6 guests – ideal accommodation for a family of maximum 4 adults and 2 kids). The bathroom has bath and overhead shower facilities. The apartment is within a fully secure complex and includes one undercover parking. The complex has a swimming pool, jungle gym, tennis court, barbecue areas and Laundromat facilities.

The unit is fully equip to sleep 6 guests, newly refurnished in April 2012. Great investment with excellent holiday letting return +- R98 000 per annum. A website without any extra monthly cost and all confirmed bookings plus all furniture included in sale.

We had a very 2012 doing holiday letting. The unit generated an income since the end of Apr when we started of doing Holiday letting to Dec 2012 of over R72 000 . That means an average of over R9000 / month.

 

Bookings to date for 2013 stands on R27 587. The rates and levy for the unit (electricity Exl) runs +- R13510 annually. That means my levies and rates for 2013 are already covered!!

 

The average income per month 2012 was just over R9000 and the monthly expenses (Bond of R695 000, rates, levy electricity al Inc.) +- R7406. - You make the sum - THIS IS AN EXCELLENT INVESTMENT!!

 

Positive points making this a very sought after unit by guests re-booking and referring us to family and friends:

1)    Ground floor unit (NO STAIRS – ideal for the elderly, handicapped and for small kids)

2)     Very well equip unit

3)     Everybody loves the deco.

4)    Direct beach access

5)     Pool

6)     Kids Play area

7)    Laundry

8)   Tennis court

9)   Enough save parking

10)  Neat complex grounds.

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Notes about this property by MyRoof

This apartment is for sale in Margate. This is a private property sale.

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Margate has the following point of interest, these include Durban Int Airport, Botha's Hill (160.4km), Clermont (146.4km), Durban (134.4km), Kloof (158.1km), Kokstad (140.9km), Pietermaritzburg (Edendale) (184.8km), Pinetown (146km), Port Shepstone (16.1km) and Richards Bay (318.8km)

This apartment is situated in a Residential Suburb

This single storey apartment floor area was measured at 72m2.
This apartment has monthly rates or ground taxes payable to the amount of R 506 and a monthly levy of R 826.

If you make an online offer using the Make An Offer button MyRoof will let you know if your offer was successful. To make an offer takes less than a minute. By selling privately the owner can reduce his asking price by as much as 7% (agents commission is up to 7%) and still get the same money in his pocket! That is why buying private property makes so much sense. Feel free to contact us for more information.

Do you know anyone who wants to sell their property in Margate? Via MyRoof, you can market house in a few easy steps, with professional help, every step of the Sell My House way. We've achieved 140 private property sales in Margate. Because of our superior offering, there is a high demand from people to sell property in Margate. To market your house online for free, click on the "Sell My Property" tab at the top of the page or the "Sell House" button on the right of this page.


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