The property on offer is situated in Margate, KZN Hibiscus Coast, Kwa-Zulu Natal
As a tourist or holiday destination Margate in KZN needs no introduction. The popularity of Margate is increasing which is in part due to other regions which are nearing their limits of development.
When considering the mixed property usage in Margate and their relative cost then it is still a highly lucrative market to invest in either as a residential property or the second holiday home market.
The financial viability of vacant land is still on top of the list as the relatively low cost of vacant land means a lot more capital can go into the construction of the home, the interior fittings and size.
This vacant stand is virgin land waiting to be developed and is also surrounded by existing homes which will give one an idea of the general value spent of homes. Over-capitalization should also not be a real concern as the popularity of Margate is increasing thus allowing for growth in value of the investment.
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