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Manaba Beach, Manaba Beach, Margate, KwaZulu-Natal
R 6 000 000
This spacious 10-bedroom property presents an excellent investment opportunity and has already been converted into a versatile rental property, offering four separate living units. With multiple bedrooms, bathrooms, kitchens, lounges and outdoor areas, the property is ideally suited for permanent rentals, holiday accommodation, a bed and breakfast, a holiday home, or even a timeshare-style investment. The property is divided into four units, providing excellent flexibility for an investor looking to generate multiple rental incomes from one property. **Unit 1** offers two bedrooms, one full bathroom and an additional guest toilet, together with a kitchen and lounge in an open-plan layout. The unit also features a private patio, garage and beautiful sea views, creating a comfortable and appealing living environment. **Unit 2** also consists of two bedrooms, one full bathroom and an additional guest toilet. The unit has its own kitchen and lounge with an open-plan design, as well as a patio, garage and sea views. This makes it well suited for either long-term tenants or holiday accommodation. **Unit 3** is a spacious three-bedroom unit with two bathrooms, an open-plan kitchen and lounge, a garage and a balcony overlooking the sea. The additional living space and coastal views make this unit particularly attractive for families, holiday guests or permanent tenants. **Unit 4** offers another three-bedroom layout with two bathrooms, a kitchen and lounge arranged in an open-plan design. The unit also includes a balcony and garage, providing additional convenience and outdoor living space. In total, the property offers **10 bedrooms and 7 bathrooms**, along with multiple kitchens, lounges, patios and balconies, garages and additional parking. The property also benefits from **backup water**, providing an added advantage and greater peace of mind for residents and tenants. There is excellent potential for rental income, with the property being suitable for a combination of permanent rentals and short-term holiday accommodation, depending on the investor's preferred strategy. Its layout allows each unit to function independently, making it an attractive option for someone looking to diversify their rental income from a single property. The property is **pet friendly** and offers additional features such as a small maid's quarters and storage space. Security is also an important feature, making the property suitable for both tenants and holiday guests. One of the biggest attractions is the property's proximity to the beach. The surrounding area offers a relaxed coastal lifestyle with excellent opportunities for fishing, cycling, walking and a wide range of outdoor activities. The nearby coastal roads are ideal for scenic drives and cycling, while the beach provides the perfect setting for enjoying weekends and holidays with family and friends. Whether you are looking for a strong investment property, a multi-unit rental opportunity, a bed and breakfast, a holiday accommodation business or a spacious coastal home that can generate additional rental income, this property offers exceptional versatility. With **four separate living units, 10 bedrooms, multiple bathrooms, sea views, garages, backup water, security and a location close to the beach**, this is an opportunity well worth considering.
Estimated monthly repayment
R 56 660
on a R 5 400 000 bond over 20 years at 11.25%
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Manaba Beach, Manaba Beach, Margate, KwaZulu-Natal
Listed by
Thandi Ndlovu
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