1 484 m² Commercial space in Riviera

Accommodation Building - RENOVATE RENT OUT JANUARY 2027

Cash buyers can act now and position this property for rental income from January 2027.

A rare repurposing opportunity in Riviera, Moot, bordering established high-density accommodation and ideally positioned near Steve Biko Academic Hospital.

With approximately 40 rooms, 10 bathrooms, kitchens, dining and communal facilities, this property offers an existing infrastructure base that can potentially be transformed into rental rooms or accommodation for young working professionals, students, healthcare workers or other tenants, subject to the required municipal approvals and consent use.

Why wait for a development from scratch

Buy now, renovate during the coming months and target December 2026 completion with tenants from January 2027.

The two adjoining properties provide exceptional flexibility and may also accommodate a range of other uses, including apartments, commune accommodation, guesthouse, institutional, medical, educational and retirement-related uses, subject to municipal consent.

A property with scale, existing accommodation infrastructure and multiple future-use possibilities ready for an investor with vision to unlock its rental potential.

Cash offer Act now. The opportunity is to buy, renovate and be ready for the January 2027 rental market.

Contact Benita Vermeulen | FIO Real Estate to arrange a private viewing and discuss the property''s repurposing potential.

CLICK ON VIDEO LINK

Potential Consent Uses Include:

Apartment Building

Commune Accommodation

Backpackers Lodge

Guest House

Institutional Facility

Medical Consulting Rooms

Day Care Facility

Child Care Facility

Educational or Training Facility

Retail Use subject to municipal requirements

Retirement Centre

Social Hall or Community Facility

Sport and Social Grounds

Veterinary Clinic

Property Highlights:

Two properties offered as a combined opportunity

Approximately 40 rooms and 10 bathrooms

Existing kitchens and dining facilities

Administrative office component

Well-positioned close to Steve Biko Hospital and major transport routes

Established infrastructure suitable for repurposing and redevelopment

Excellent opportunity for healthcare, residential, educational, hospitality, or community-based uses

Click on the video link to view the property and explore its possibilities.