Manaba Beach: High-Yield Mixed-Use Asset with Significant Upside

Description

Presenting a rare and strategic investment in Manaba Beach: a MIXED IMPACT USE zoned property offering unparalleled versatility. This is a robust opportunity for a savvy investor or developer, with options ranging from a thriving B&B, dedicated self-catering units, professional office space, or a multi-unit long-term rental portfolio. Its prime positioning directly behind Manaba Spar, adjacent to key industrial and commercial hubs, and just one block from Marine Drive, ensures high visibility and consistent demand. The property comprises five independent, self-contained units, each equipped with its own kitchen, bedrooms, bathrooms, and private access, guaranteeing maximum tenant/guest privacy and operational flexibility. Adding to its functionality are two distinct road entrances, a total of seven garages, and extensive additional parking. A functional swimming pool is on-site and appears structurally sound, ready for re-commissioning. Currently generating just under R30,000 per month from existing permanent tenants, this property offers immediate positive cash flow. While some general maintenance and TLC are required to unlock its full potential, the attractive pricing due to owner relocation makes this a compelling acquisition for those looking to capitalize on a versatile asset in a high-demand coastal location.