11 Bedroom House in Uvongo

Authority To Sell

Excellent Investment Opportunity in Manaba Beach 5 Self-Contained Apartments in a Prime Location!

This unique property features 5 apartments in a private, tree-filled complex, perfectly situated behind the Manaba Spar and just a short walk from the beach and local amenities. Heres why this property is a must-see for investors:

Apartment Highlights:

- Apartment 1: Spacious 3-bedroom unit with an airy, light-filled layout. The apartment opens up to a peaceful patio area through double doors, ideal for relaxation. The open-plan kitchen, dining, and lounge area is perfect for family living. Two of the bedrooms have en-suite bathrooms one full, the other with a shower, while all bedrooms are generously sized.

- Additional Apartments: Each apartment comes fully equipped, ensuring tenant satisfaction. Four of the units have undercover parking, and there is ample space for visitor parking.

Investment Potential:

- Rental Income: Currently generating R25 000.00 per month excluding electricity with tenants in place.

- Project Opportunity: Though some TLC is needed, the property offers incredible potential for upgrading, making it a lucrative investment for those looking to maximize returns.

- Zoning: The property is zoned as RESIDENTIAL MEDIUM IMPACT 2 for townhouses, with mixed-use potential. This opens doors for diverse applications, such as:

- Bed & Breakfast

- Self-Catering Units

- Permanent Rentals

- Professional Offices

- Commercial Use

Location Advantages:

- Centrally positioned near industrial and commercial hubs, just one block from Marine Drive.

- Nestled in a lush, garden-like setting with plenty of privacy, offering a tranquil environment while being close to all conveniences.

Dont miss out on this prime investment opportunity with great potential. Priced to sell as the owner is relocating! Call today to arrange a viewing and turn this property into your next successful project!