Private Introduction · South Africa
St Michaels on Sea Flatlet Complex Houses in Margate, South Africa
Main home plus 14 two-bedroom flatlets with 28 garages in St Michaels on Sea, Margate
- Price
- From ZAR 15.60M
Introduction
An income property in St Michaels on Sea, Margate, made up of a main home and 14 two-bedroom flatlets, each with two garages and its own pre-paid electricity meter. The site is electric-fenced and has a filtered borehole, a new laundry room, staff quarters, a workshop and a store room. Asking price R15.6 million, freehold.
Why This Opportunity
What the home offers
Features include controlled access with an active security response.
Location
Located in Margate, KwaZulu Natal, South Africa.
Buying as a non-resident
Transfer duty is nil below R1,210,000 and rises in bands above it, with no surcharge for foreign buyers. Budget 6%–12% of the purchase price for total transfer costs; a straightforward transfer registers in roughly 8–12 weeks.
The Area
Where it is
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