High-Yield Development Opportunity, Manaba Beach, Margate

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Dual Mandate

Bypass 12–24 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 Realisable Value (Exit): R23,310,000

·Projected Net Profit: R13,560,000

·Projected ROI: 139.08%

Project Specifications

·Structure: 2 Blocks (3 storeys per block, 7 units per floor)

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

·Garages: 14 Sectionalised 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.