Property description
Accommodation Building - RENOVATE – RENT OUT JANUARY 2027
Cash buyers can act now and position this property for rental income from January 2027.
A rare repurposing opportunity in Riviera, Moot, bordering established high-density accommodation and ideally positioned near Steve Biko Academic Hospital.
With approximately 40 rooms, 10 bathrooms, kitchens, dining and communal facilities, this property offers an existing infrastructure base that can potentially be transformed into rental rooms or accommodation for young working professionals, students, healthcare workers or other tenants, subject to the required municipal approvals and consent use.
Why wait for a development from scratch?
Buy now, renovate during the coming months and target December 2026 completion – with tenants from January 2027.
The two adjoining properties provide exceptional flexibility and may also accommodate a range of other uses, including apartments, commune accommodation, guesthouse, institutional, medical, educational and retirement-related uses, subject to municipal consent.
A property with scale, existing accommodation infrastructure and multiple future-use possibilities – ready for an investor with vision to unlock its rental potential.
Cash offer? Act now. The opportunity is to buy, renovate and be ready for the January 2027 rental market.
Contact Benita Vermeulen | FIO Real Estate to arrange a private viewing and discuss the property's repurposing potential.
CLICK ON VIDEO LINK
Potential Consent Uses Include:
• Apartment Building
• Commune Accommodation
• Backpackers Lodge
• Guest House
• Institutional Facility
• Medical Consulting Rooms
• Day Care Facility
• Child Care Facility
• Educational or Training Facility
• Retail Use (subject to municipal requirements)
• Retirement Centre
• Social Hall or Community Facility
• Sport and Social Grounds
• Veterinary Clinic
Property Highlights:
• Two properties offered as a combined opportunity
• Approximately 40 rooms and 10 bathrooms
• Existing kitchens and dining facilities
• Administrative office component
• Well-positioned close to Steve Biko Hospital and major transport routes
• Established infrastructure suitable for repurposing and redevelopment
• Excellent opportunity for healthcare, residential, educational, hospitality, or community-based uses
Click on the video link to view the property and explore its possibilities.
- Covered Parking
- Uncovered Parking
- Garden
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from FIO Real Estate
Terms of useGet in Touch
Agents
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
