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R 7 700 000

Commercial Property for Sale in St Michaels On Sea

3 Marine Drive, St Michaels On Sea, Margate

3 500 m²

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Block of flats for sale

Opportunity is knocking.

Location, location, location.

Introducing a remarkable investment opportunity, this impressive block of flats, with its 30 bedrooms, is strategically located within walking distance from the sea, restaurants, and main roads and just a stone's throw away from a famous mall. With its potential for holiday letting, permanent tenancy, or student accommodation, this property offers a gateway to versatile living options and the promise of substantial returns.

The flats within this block are meticulously designed to provide spacious and comfortable living spaces, catering to various tenant needs. Whether it's the allure of coastal living for holidaymakers, the convenience and lifestyle benefits for permanent tenants, or the valuable accommodations for students, this property's adaptability ensures a wide range of potential uses.

This...

Listing number: P24-114182157, Image number: 1, Backview

Listing number: P24-114182157, Image number: 2, Front view

Listing number: P24-114182157, Image number: 3, Additional buildings

Listing number: P24-114182157, Image number: 4, Yard space

Listing number: P24-114182157, Image number: 5, Additional buildings

Listing number: P24-114182157, Image number: 6, Yard space

Listing number: P24-114182157, Image number: 7, View from back

Listing number: P24-114182157, Image number: 8, Office

Listing number: P24-114182157, Image number: 9, Office

Property Overview

Listing Number

114182157

Type of Property

Commercial Property

Street Address

3 Marine Drive, St Michaels On Sea

Description

Guesthouse, Hotel, Smallholding

Lifestyle

Aquatic Activities, Coastal/Beach, Complex, Gated Community, Holiday Resort, Security Complex, Suburban, Dual Living, Holiday Home, Student Accommodation, Shared Living

Listing Date

22 March 2024

Availability Date

31 October 2024

Erf Size

3 500 m²

Floor Size

3500 m²

Special Levy

R 0

Rates and Taxes

R 13 000

Zoning

General Residential

Floor Number

Facilities

Bedroom

Built-in Cupboards, Double Bedroom

External Features

Parking

Secure parking, Visitor parking

Building

Building Name

Commercial

Gross Lettable Area

3500 m²

Green Building

Building Grading

A Grade

Multi Tenanted

Yes

Style

Contemporary, Split Level, Open Plan

Facing

East, Sea, Street Front, Above Road

Roof

Tile

Wall

Plaster

Window

Aluminium

Standalone Building

Yes

Number of floors

Backup Water

Water Tank

Other Features

Security

Totally Fenced, Electric Gate, Security Gate, 24 Hour Response, 24 Hour Access, Guard House, Guard, Perimeter Wall

Temperature Control

Air Conditioning Unit, Cooling Fans

Nearby Public Transport

Bus, Minibus Taxi

Internet Access

Fibre

Wheelchair Accessible

Yes

Generator

Backup Water

Yes

Points of Interest

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