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Active rental lifestyle and development upside on a bustling main road — strong tenant base, multiple income flats, water tanks and 11 bedrooms, 5 bathrooms ready to scale.
The Opportunity:
Business Premises ( necessary permissions apply)
Ideal for student accommodation, workforce housing, or multi-unit residential development
Strong rental demand supports high occupancy and scalable returns
Existing Improvements (Income While You Plan):
Main house (3-bedroom configuration)
3 income-generating flats
4 additional rental rooms
Established tenant base providing immediate revenue
Key Advantages:
Main road exposure – ideal for access and visibility
Infrastructure already in place, reducing upfront costs
Multiple structures allow phased development approach
Water tanks installed (added utility resilience)
This is a value-add project where the real upside lies in reconfiguration, expansion, or complete redevelopment to maximize bulk and returns.
Opportunities like this — combining location, income, and development potential — are seldom available.
Contact Penny today for further details and to explore the full development potential of this site.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R3,200,000
Price reduced by 6.4% to R2,995,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 94 listings in East London (town)
Insight
Priced above the median for similar properties in the area.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Market depth
94 similar listings
High similar-home inventory town-wide (East London)
Median time on market: 136 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Beacon Bay is a highly sought-after, family-oriented suburb in East London that offers a perfect balance of coastal tranquility, modern retail convenience, and easy access to major transport routes.
* Distances and amenities are approximate.
