7 Bedroom house for sale in St Michaels On Sea, Margate

R2,699,000
  1. 7
  2. 4
  3. 2
  4. Web Ref: 1229477
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Property Features

ERF Size 1,007 m²
Rates R1,500 per month

Interior Features

7 Bedrooms
3 Dining Rooms
Security
House Levels
4 Bathrooms
3 Lounges
Kitchen

Exterior Features

2 Garages
Braai Facilities
Balcony
2 Parking Spaces
Views
Garden

7-bedroom, 4-bathroom Investment opportunity in St Michaels

Welcome to your dream investment opportunity in the picturesque St Michaels on Sea! This magnificent 7-bedroom, 4-bathroom residence is not just a house; it's a strategic investment that promises both luxury living and substantial returns.
The focal point of this property is the impressive double-storey main house. Step inside, and you'll discover a thoughtfully designed layout. Two generously sized bedrooms and a bathroom are nestled on the ground floor, providing convenience and accessibility. Ascend to the upper level, where an additional two bedrooms and another bathroom await, offering a touch of elegance and stunning panoramic sea views from the private balcony.
What makes this property truly exceptional is its income-generating potential. The ground floor and top floor of the main house are independently tenanted, ensuring a consistent stream of revenue. This intelligent design not only maximizes returns but also allows for flexibility in leasing options.
But the allure doesn't end there. Behind the main house stands a spacious double garage, accompanied by a charming 2-bedroom flat boasting breathtaking sea views. This additional dwelling unit adds not only extra living space but also an extra layer of investment potential.
As if that wasn't enough, the lower level of the property features a separate 1-bedroom flat with its own bathroom, completing the trio of rental opportunities. Currently, this property is a landlord's dream, with three separate tenants already in place, providing immediate income.
St Michaels on Sea is renowned for its scenic beauty and tranquil ambiance, making it an attractive destination for both residents and visitors alike. Whether you're seeking a comfortable family home or a shrewd investment opportunity, this property ticks all the boxes. Don't miss your chance to own a slice of coastal paradise with a built-in income strategy. Act now and make this investment dream a reality!

Location

Contact the agent

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Gordon Williams
Candidate Property Practitioner
Registered with the PPRA

Franchisee of Rawson Residential Franchises (Pty) Ltd | Registered with the PPRA

9 Marine Drive, Manaba Beach

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