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.
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