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R 1 080 000

Commercial Property for Sale in Margate

51 Marine Drive, Margate

186 m²

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Commercial Property in the Heart of Margate

The commercial property in Margate, located in the Seabrook building, is conveniently situated within walking distance of restaurants and Margate Beach. The shop is a single sectional unit that has been subdivided into four separate shops.

Currently, two of the shops are occupied by tenants and generate a monthly income of R7500. These tenants are already established and running their businesses successfully.

This suggests that if the remaining two shops were to be rented out, the combined monthly income from all four shops would be around +_ R16000.00

Overall, this commercial prop in Margate's Seabrook building offers a great investment opportunity with existing tenants and the potential for additional income. Its prime location near restaurants and Margate Beach adds to its appeal.

You can view by appointment only.

Listing number: P24-113448156, Image number: 1, View of the property

Listing number: P24-113448156, Image number: 2, View of the property

Listing number: P24-113448156, Image number: 3, Shop 1

Listing number: P24-113448156, Image number: 4, Shop 1

Listing number: P24-113448156, Image number: 5, Shop 1

Listing number: P24-113448156, Image number: 6, Shop 1

Listing number: P24-113448156, Image number: 7, shop 2

Listing number: P24-113448156, Image number: 8, Shop 3

Listing number: P24-113448156, Image number: 9, Shop 3

Property Overview

Listing Number

113448156

Type of Property

Commercial Property

Street Address

51 Marine Drive, Margate

Description

Office, Retail

Lifestyle

Coastal/Beach

Listing Date

12 October 2023

Gross Price

R 1 080 000

Net Price

R 1 000 000

Availability Date

13 July 2025

Erf Size

186 m²

Floor Size

186 m²

Levies

R 7 500

Special Levy

R 0

Rates and Taxes

R 5 400

Zoning

General Business

Floor Number

Facilities

Bathrooms

Communal bathrooms

Kitchens

Sink

External Features

Parking

On street parking

Building

Building Name

Seabrook

Gross Lettable Area

186 m²

Green Building

Building Grading

B Grade

Multi Tenanted

Yes

Style

Contemporary

Facing

Street Front, Level Road

Roof

Tile

Wall

Plaster

Window

Aluminium

Standalone Building

Number of floors

Other Features

Security

safe and secured

Safe

Temperature Control

Air conditioners

Air Conditioning Unit

Nearby Public Transport

Bus, Minibus Taxi

Internet Access

Fibre

Wheelchair Accessible

Yes

Generator

Backup Water

Yes

Points of Interest

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