R 4 354 000 | Commercial Property for Sale in Mtwalume

Mtwalume, Mtwalume

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Erf Size: 1 717 m²

Dual use Commercial and Residential Investment Property right on the beach

Your Beach front investment awaits! This property can be used as the following 2 options. The first is to re-convert all the units back into apartments. Two by 2 bedrooms upstairs with incredible breaker views on the beach, with open plan lounge, dining and kitchen, plus large spacious patio overlooking the popular Mtwalume fishing beach. Another 3 bedroom unit, with rooms upstairs and open plan lounge and dining room with kitchen downstairs. A 1 bedroom unit with lounge and kitchen, one floor unit. Another 2 bedroom unit with lounge, dining and kitchen. Plus a lock up garage to fit 4 cars for the tenants, and plenty onsite parking as well. There are also 2 freestanding rondavel units. Both 2 bedrooms, with lounge and kitchen. They both are fenced off, so pets are allowed and have their own private entrances and Carports!

The Second option is to continue with the current partially commercial and partially residential option. There is a cute gift shop with Tattoo parlour. An appliance repair shop. A small superette store / coffee shop, a bar / restaurant and there are three of the units being used as residential.

Being right on the main Mtwalume beach, there are endless opportunities and a ton of potential. There will be some upgrades and revamping required to suit the direction you as the buyer would decide to take. To enquire further on the estimated rental return if converted back to all residential units, or if kept as dual commercial and residential, give me a call to discuss it further.