House for sale in Uvongo, Margate, KwaZulu Natal, 3857 m²
Uvongo, Margate, KwaZulu Natal, KwaZulu Natal
House
ZAR 3,200,000
- 10 bedrooms
- 8 bathrooms
- 3,857 sqm
- 3,857 m² plot
Discover a remarkable investment opportunity with this expansive house for sale in Uvongo Beach, Margate, KwaZulu Natal. The Opportunity: An incredible, high-yield investment opportunity in the highly sought-after coastal suburb of Uvongo. This property sits on a massive 3,843 square meter stand, offering immediate, steady rental income with massive potential for further development. The existing units are fully let, bringing in an immediate R32,000 per month. Property Features: The property consists of 6 fully tenanted units: * 4 x Spacious 2-Bedroom Flats * 1 x Comfortable 1-Bedroom Flat * 1 x Neat Bachelor Flat Huge Development & Expansion Potential: Because of the generous 3,843 square meter land size, there is plenty of space on the property to build at least 2 more flats. A buyer could easily expand the current setup, significantly increasing the monthly rental yield and overall property value. Location Highlights: Situated on the quiet, leafy Emtunzi Drive, this property offers the perfect balance of peaceful residential living and coastal convenience: * Just minutes from Uvongo Beach & Lagoon, famous for its iconic 23m waterfall and family-friendly swimming. * High…
