10/09/2026
π’ Income Now. Growth Ahead.
π The Mews, 8 New Street, Central, Makhanda
π° R6 695 000
For an investor looking beyond a single rental property, The Mews offers scale, existing income and significant room for future growth.
Currently operating as a multi-unit rental asset, the property includes 15 income-producing en-suite rooms, with two additional rooms nearing completion. Its central location, substantial landholding and existing infrastructure create several possibilities for further development and improved returns.
β Four erven totalling 1 584mΒ²
β 15 income-producing en-suite rooms
β Two additional rooms nearing completion
β Potential densification to approximately 20 to 24 units, subject to approvals
β Internal courtyard with swimming pool
β On-site laundry and two kitchens
β Underutilised 60-seater restaurant space
β Municipal parking area with approximately 40 bays nearby
Continue operating it as a multi-unit rental property, refurbish and enhance its rental offering, or reposition it as a premium managed residential complex. The foundation is already here. The opportunity lies in what comes next.
Serious investors are invited to contact Steve to arrange a viewing and discuss the possibilities.
Stephen Birt
π± 083 656 8810
βοΈ 046 636 1388
π§ [email protected]