Apartment for sale
Ideal income opportunity steps from Shelly Beach shops, malls and seaside dining; corner apartment split into two self-contained units with private braai, sea views, three bedrooms and two bathrooms.
ATTENTION INVESTORS
R150 000 PRICE DROP
Shelly Beach is a prime spot for investment opportunities on the Lower South Coast due to the perfect location. Shelly Beach is the hub of the South Coast with 2 malls and a lot of different shops, restaurants and entertainment opportunities. Because of the location it is also very popular for permanent residence as well as holiday rental opportunities.
This investment property was one apartment that was divided into two separate income generating units. Focusing on purely investment this property has two fixed income generating units with 1 Levy and rates expense. The division was done in such a way that it could easily be changed back to one unit. This corner unit offer great sea views and the perfect location right in central Shelly Beach, walking distance to Shelly Centre, Ski Boat Club or private secluded beach. The one apartment offers a spacious open plan lounge, dining room and kitchen area with a covered patio and private braai area with a sea view. The bathroom is divided between a bath and shower. The main bedroom has sea views and the second bedroom are at the back. The second unit is spacious with one bedroom with sea views and a full bathroom. The lounge dining room area leads out to a big, enclosed patio lounge area with sea views.
This self-containing income generating opportunity is ideal for a first-time investor. It could also be ideal for a pensioner looking for that additional income from the second unit as a permanent or holiday letting unit. The majority of this complex is holiday letting units. This is a unique purchase with lots of potential. Contact the agent today to find out more...
Listed for sale at R1,245,000
Price reduced by 11.6% to R1,100,000
How does this home’s price compare with similar properties?
Price comparison based on 9 similar-sized 3-bed homes.
Insight
Priced 15% below the local median - but still inside the typical range in Shelly Beach.
Compared with 9 similar active listings in Shelly Beach.
It's smaller than typical, which helps explain where it sits in the range.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Shelly Beach is a vibrant coastal suburb that offers residents a perfect blend of convenient retail amenities, beautiful swimming beaches, and a relaxed, family-friendly lifestyle along the South Coast.
