R 8 500 000
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23 Bed House in Ramsgate

23 15 2.3 ha

Investor and Property Developers Dream

Exciting Investment Opportunity in Margate!

Are you looking for a prime investment opportunity? Look no further! We have 2.3 hectares of land available for development, offering a rare chance to create a gated community in this beautiful seaside town.

Situated close to the beach and local amenities, this location is perfect for various projects. Imagine building a seniors'' eco-lifestyle village surrounded by nature trails and birdlife, or a family-friendly estate near schools - the possibilities are endless.

The property is fully walled and has easy access from both national and local roads. Currently, there are multiple existing dwellings on the site, including various bedrooms and bathrooms, flats, garages, a swimming pool, and more. These dwellings generate a monthly income of about R45,000, with room for additional growth.

There are also 2 Boreholes on the property.

With approved building extension plans and plenty of space for future development, this property has huge potential. Don''t miss out on this life-changing opportunity - contact us today to schedule a viewing!

Property details

  • Listing number T4778613
  • Property type House
  • Erf size 2.3 ha
  • Rates and taxes R 3 500

Property features

  • Bedrooms 23
  • Bathrooms 15
  • Garages 7

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