Invest in holiday accommodation in Margate
TWENTY-SIX luxury sectional title flats in the Kasito block, at 5 Erasmus Street in Margate, will be auctioned on Thursday at 12 noon.
The apartments are about 500m from the ocean, 10 minutes’ drive from Margate’s main beach, and close to major shopping malls.
A variety of other shopping facilities and quality restaurants are within walking distance.
Tourist attractions, such as Butterfly Valley and biking trails, are also close to the block, which is secure and guarded 24 hours daily.
Reliance Auctions’ managing director, David Soutter, says Kasito consists of 30 apartments, of which 26 will be on offer, 10 of which are funished.
The two- and three-bedroomed flats will be sold separately or as a single lot.
“The development of a new phase, comprising another 28 flats, has already been approved with services in place for this extension of the block,” says Soutter.
“Margate’s continuing popularity as a tourist destination makes this luxury triple-storey complex an extremely sound investment as an accommodation venue,” he says.
The auction will take place at the Royal Hotel in Durban.
For more details, see www. relianceauctions.co.za or call Charmaine on 0726774151.
Twenty-six of the 30 units in Kasito holiday apartment block in Margate will be sold by Reliance Auctions on Thursday.