The Mews – Multi-Unit Investment Property with Development Potential

Located in central Makhanda, The Mews is a substantial multi-erven property currently configured as student accommodation and commercial food premises.

Property Overview

• 4 erven totalling 1 584m²
• ±925m² under roof
• 15 income-producing en-suite rooms
• 2 additional rooms nearing completion
• Internal courtyard with swimming pool
• On-site laundry
• Two kitchens (one operational, one requiring refurbishment)
• 60-seater restaurant space (currently underutilised)
• Adjacent municipal parking area (±40 bays)

The property has evolved from its former hospitality use into residential letting and is now generating ongoing rental income.

Opportunity

The scale, layout and courtyard configuration create a compelling opportunity for:

• Continued operation as a multi-unit rental asset
• Strategic refurbishment and rental enhancement
• Densification to approximately 20–24 units (subject to approvals)
• Repositioning as a premium managed residential complex

The existing infrastructure, combined with its landholding size, provides a platform for value creation.

Asking Price: R6 695 000

Serious investor enquiries invited.

Click HERE to view the Investor Information Memorandum