Property Overview:

Discover a unique commercial property positioned in the heart of Jeffreys Bay, right beside the Surf Village, featuring stunning sea-front views and an unparalleled prime location. This exceptional investment opportunity comes complete with conceptual drawings, paving the way for an ambitious development of 80 modern apartments alongside significant commercial space.

Key Features:

- Location: On Main Beach Jeffreys Bay, benefitting from high visibility and foot traffic, ideal for retail or hospitality ventures.
- Existing Tenancy: Secure income with an existing tenancy in place until 2028, providing stability while you plan for future development.
- Parking Potential: The property allows for 100 dedicated parking bays for the apartments, offering 1.25 bays per apartment. Ground floor parking includes:
- 40 bays with direct access from Da Gama (4 bays per 100m2 GLA).
- First floor parking options also provide 40 bays, situated 1.7m up from Da Gama, maximizing accessibility and convenience.

- Residential Units: The proposed development features:
- 9 x 3-bedroom apartments
- 31 x 2-bedroom apartments
- 40 x 1-bedroom apartments

- Commercial Space:
- Ground Floor: 1,000m2 available for retail, hospitality, or commercial use.
- First Floor: An additional 1,000m2 space ideal for retail, hospitality, or even a frail care facility, catering to the growing demand for retirement accommodation in the area.

Investment Opportunity:
With a noted shortage of retirement accommodation in Jeffreys Bay, this property not only promises a solid return on investment but also meets a crucial market need. The combination of residential and commercial spaces makes it a versatile investment in a rapidly growing community.

Don’t miss out on this rare chance to secure a prime sea-front property with incredible potential. Contact us today for more details and to schedule a viewing!

The property is zoned as Business Zone 2 with primary uses being Business & Mixed Use as well as General Residential Building.

“Business & Mixed Use” means the use of a property for mixed use purposes of retail, commercial or professional operation, which may, inter alia, include restaurants, shops, offices, micro manufacturing, community facilities, financial institutions, gymnasiums or any other use which the Municipality regards as General Business, including shopping mall, but excluding residential uses, warehousing and builder’s yard.

“General Residential Building” means a building for human habitation, together with such outbuildings and support facilities relating to the operation and sustainability of the scheme or building, and includes a boarding house, residential rooms, children’s home, guest lodging facilities, retirement village, hostel, town housing, dwelling units, flats, but excludes hotels.

Contact us for more information today! Read more...