Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.

R 17 000 000

Commercial Property for Sale in Ramsgate

202 Marine Drive, Ramsgate, Margate

1 018 m²
- m²: 1 018 m²
- Hectares: 0.102 ha
- Acres: 0.252 acres

Contact Broker

Natasha Heathfield

Show Contact Number

Prime Commercial Building with Luxury Duplex Penthouse High Rental Income Potential

Located in the heart of Ramsgate, this exceptional commercial property offers both prime investment opportunities and luxurious living. With a diverse mix of rental premises and a stunning duplex penthouse, this property is an investor's dream.

Commercial Premises:

5 rental units: Currently, 2 of the units are thriving as popular restaurants, while the other 3 are ready for leasing, providing ample opportunity for future tenants.Bakery: A well-established bakery that supplies quality samoosas and eggless biscuits to major retail chains.Residential: Includes a one-bedroom flat, a two-bedroom flat, and staff quarters that comfortably house 7 people. All units are fully equipped with pre-paid meters and their own ablutions, ensuring ease of management and low operational costs.Luxury Duplex Penthouse:

Size: A spacious 277 m and sup2; of ultra-modern, luxurious living...

Commercial Premises:

Size: A spacious 277 m and sup2; of ultra-modern, luxurious living space.Downstairs: Enter into a grand, open-plan living area with a breathtaking, sparkling white kitchen featuring ample cupboard space, a large kitchen island with beautiful granite countertops, a separate scullery, and a built-in cool room. The large lounge opens to a stunning patio with spectacular sea views.Main Bedroom: A massive bedroom with an en-suite full, modern bathroom. Sliding doors lead to the patio, letting in the ocean breeze and views.Upstairs: 3 spacious en-suite bedrooms, each with access to a balcony that overlooks the ocean. There is also a large lounge/TV room offering additional living space.Investment Potential:

Rental Income: This property boasts an impressive potential rental income of R90,000.00 per month, offering a solid return on investment.Additional Features: Plenty of parking, with space available for further expansion of the building.This unique property offers significant growth opportunities, whether you're seeking to capitalize on existing rental income or expand further. Contact me to explore this outstanding investment opportunity.

Listing number: P24-115655308, Image number: 1

Listing number: P24-115655308, Image number: 2

Listing number: P24-115655308, Image number: 3

Listing number: P24-115655308, Image number: 4

Listing number: P24-115655308, Image number: 5

Listing number: P24-115655308, Image number: 6

Listing number: P24-115655308, Image number: 7

Listing number: P24-115655308, Image number: 8

Listing number: P24-115655308, Image number: 9

Property Overview

Listing Number

115655308

Type of Property

Commercial Property

Street Address

202 Marine Drive, Ramsgate

Listing Date

28 February 2025

Erf Size

1 018 m²

Rates and Taxes

R 6 000

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.