House 2898-ref-2513 for Sale in Manaba Beach, Margate

AgencyRef: 2898-ref-2513 Massive investment property for sale Manaba-Beach Income-Generating Property â Fixer Upper | Prime Manaba Location A Multi-Dwelling Investment with Established Returns This investment property presents a compelling opportunity to acquire a fully tenanted, income-producing asset comprising five private, self-contained cottages set within a tranquil, garden environment. The property currently delivers an approximate monthly rental income of R25,000, offering immediate and consistent returns. Mature trees and lush greenery create a peaceful, secluded atmosphere, while the layout ensures a degree of privacy for each dwellingâan important factor in sustaining long-term tenant occupancy. Four cottages include covered parking, complemented by ample additional parking on the property. Two units are wheelchair-friendly, enhancing accessibility and widening tenant appeal. While the property is move-in ready, selective upgrades and cosmetic improvements present an opportunity to further enhance capital value and rental yield. Main dwelling Features ⢠Three spacious bedrooms ⢠Two bathrooms (one full bathroom, one with shower) ⢠Large covered patio with double-door entrance ⢠Open-plan lounge, dining, and kitchen area ideal for comfortable living Investment Highlights ⢠Five Dwellings ⢠Fully tenanted with established income ⢠Wheelchair-accessible accommodation ⢠Secure parking options Prime Location Strategically positioned behind Manaba Spar, the property enjoys immediate access to shops, amenities, and public transport, while remaining close to the beach. This highly sought-after location underpins the propertyâs excellent rental performance and ongoing investment appeal Agency reference number: 2898-2513