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1,896m² Apartment Block For Sale in St Michaels On Sea

R11,550,000

Web Ref No CL167

Prime Investment Opportunity: Block of 14 Flats for Sale in Uvongo Beach

An exceptional income-generating investment opportunity in the heart of Uvongo Beach! This lucrative property, rarely available on the market, is now ready for the right investor with the vision to transform it into a modern landmark.

With an impressive nearly 100% occupancy rate for long-term rentals and secure lease agreements in place, this property guarantees a steady income stream. Each unit is thoughtfully designed for comfortable living, making it highly attractive to tenants.

Property Features:
✔ 14 Well-Designed Units:

4 x Three-bedroom, two-bathroom units

9 x Two-bedroom, two-bathroom units

Each unit boasts its own unique design and layout, with private balconies or patios for outdoor living.

✔ Excellent Amenities:

Private swimming pool and braai areas for tenants

14 carports plus additional visitor parking

Potential to add a bachelor’s flat for extra rental income or on-site supervisor accommodation

✔ Prime Location:

Walking distance to Uvongo Beach and local shops

Easy access to schools, shopping malls, and public transport

This is a rare investment opportunity with high rental demand and excellent growth potential. Contact me today for further details and to arrange a viewing by appointment only.

Features

Open Parkings 6
Building Name Black Forest
Zoning Commercial
Covered Parkings 14
Monthly Rates R3,000.00pm Excl. VAT
Monthly Levy R0.50pm Excl. VAT
Floor Size 1,896m²
Land Size 1,896m²
Extras

Lapa
Splash Pool

Broker Contact Details

Louis van Wyk
Mandated Property Group

Cell 0614696228
Office (010) 1094750
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