Highest Received Offer was R 650,000
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
6) Kids Play area
8) Tennis court
9) Enough save parking
10) Neat complex grounds.___________________________
This apartment is for sale in Margate. This is a private property sale.Continue reading...
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.
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