Commercial space in Manaba Beach

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DUAL MANDATE!

Bypass 1224 months of municipal red tape and holding costs. This shovel-ready, high-density residential development package is available for immediate acquisition in a prime South Coast location, walking distance to Blue Flag Lucien Beach and local amenities. Perfect for sectional title developers, retirement syndicates, or private property funds.

Financial Overview

Purchase Price: R2,750,000 Land, active zoning, and plans

Estimated Construction Cost: R7,000,000 R3.5M per block

Total Investor Outlay: R9,750,000

Gross Realizable Value Exit: R23,310,000

Projected Net Profit: R13,560,000

Projected ROI: 139.08

Project Specifications

Structure: 2 Blocks 3 storey''s per block, 7 units per floor

Residential: 42 Premium micro-units Projected exit: R450,000 each

Garages: 14 Sectionalized lock-up garages Projected exit: R315,000 each

Parking: 28 Remaining units serviced by covered carports

Zoning: Active medium-density residential Ray Nkonyeni Municipality

Investment Highlights

Prime Location: Highly sought-after coastal precinct ideal for semigration, affordable retirement living, or holiday rentals.

Risk Mitigation: Seller open to an Offer to Purchase OTP suspensive upon final municipal reinstatement of building plans.

High Demand: Micro-villas paired with secure lock-up garages perfectly match the local downsizing retiree and coastal investor profiles.