Live In & Earn | Multi-Dwelling Income Property
An exceptional multi-dwelling opportunity at Geddes Street, currently operating successfully as a B&B and Airbnb, offering immediate income potential from day one.
This versatile property combines comfortable family living with multiple established rental streams, making it ideal for investors or buyers seeking a business-ready setup. The main house offers three spacious bedrooms, two with private en-suite bathrooms, as well as a full family bathroom. The layout includes a functional kitchen, a dedicated TV room, a dining area, and a generous lounge featuring a fireplace that adds warmth and character to the home.
In addition to the main residence, the property includes a fully self-contained one-bedroom flat complete with its own lounge, kitchen, single secured parking and an outdoor braai area. There are also two separate bachelor flats, each ideal for short-term letting or long-term rental. The property is already positioned for hospitality use, making it an attractive turnkey investment for those looking to continue operating as a B&B or expand their short-term rental portfolio.
Outside, the home offers a braai area perfect for entertaining guests, and a double garage providing secure parking and additional storage. With multiple income streams, strong short-term rental appeal, and a flexible layout suited to both private living and commercial accommodation use, this property presents a rare opportunity to secure a high-performing asset with immediate earning potential.
Based on market research of similar properties in the area and current market conditions, the following long-term rental values could be achievable for the separate flats (furnished, including Wi-Fi and some utilities):
Upstairs Bachelor Flat: R4,000 +/-
Downstairs Bachelor Flat: R5,500 +/-
Downstairs One-Bedroom Flat with Living Room: R8,500 +/-
Contact us today to arrange a private viewing and explore the full value this property has to offer.
The property can be sold fully furnished if this appeals to the buyer. This option can be discussed further during negotiations.
This versatile property combines comfortable family living with multiple established rental streams, making it ideal for investors or buyers seeking a business-ready setup. The main house offers three spacious bedrooms, two with private en-suite bathrooms, as well as a full family bathroom. The layout includes a functional kitchen, a dedicated TV room, a dining area, and a generous lounge featuring a fireplace that adds warmth and character to the home.
In addition to the main residence, the property includes a fully self-contained one-bedroom flat complete with its own lounge, kitchen, single secured parking and an outdoor braai area. There are also two separate bachelor flats, each ideal for short-term letting or long-term rental. The property is already positioned for hospitality use, making it an attractive turnkey investment for those looking to continue operating as a B&B or expand their short-term rental portfolio.
Outside, the home offers a braai area perfect for entertaining guests, and a double garage providing secure parking and additional storage. With multiple income streams, strong short-term rental appeal, and a flexible layout suited to both private living and commercial accommodation use, this property presents a rare opportunity to secure a high-performing asset with immediate earning potential.
Based on market research of similar properties in the area and current market conditions, the following long-term rental values could be achievable for the separate flats (furnished, including Wi-Fi and some utilities):
Upstairs Bachelor Flat: R4,000 +/-
Downstairs Bachelor Flat: R5,500 +/-
Downstairs One-Bedroom Flat with Living Room: R8,500 +/-
Contact us today to arrange a private viewing and explore the full value this property has to offer.
The property can be sold fully furnished if this appeals to the buyer. This option can be discussed further during negotiations.
Monthly Rates
R2,357.04
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
Summerstrand, Gqeberha
- Street map
- Street view
- Amenities
- Schools
Filling Station
1.17 km - Caltex - Hobie Beach Service Station
1.30 km - Sasol Summerstrand
1.96 km - TotalEnergies - Humewood
Hospital/Clinic
0.56 km - Dr Hj Badenhorst
0.74 km - Bay Medical Centre
0.76 km - Intercare Summerstrand
Police Station
3.78 km - Humewood Police Station
3.79 km - South African Police Service - Humewood
Shopping Centre
0.58 km - Summerstrand Village Shopping Centre
0.72 km - The Boardwalk
0.75 km - Summerstrand Village
0.43 km - Hoërskool Pearson
0.45 km - Pearson High School
0.50 km - Blues Training Academy
0.53 km - Beachwood Pre-Primary School
0.53 km - Nelson Mandela University
0.53 km - Okidoki Kidz Summerstrand
0.56 km - Summerwood Primary School
0.58 km - Dolfyntjie Pre-Primary School
0.63 km - Beachwood Pre-Primary School
0.77 km - Infinity
0.84 km - Stoute Kabouter Play School
1.12 km - Sophakama High School
1.17 km - Nelson Mandela University
1.20 km - Elizabeths Beauty Academy
Average sold property price in Summerstrand
Freehold
Sectional Scheme
Vacant Land
Freehold
R2,100,947
50.0%
Average price
72
50.0%
Transfers
Sectional Title
R1,623,655
33.4%
Average price
130
33.3%
Transfers
Estate
R1,812,262
50.0%
Average price
24
50.0%
Transfers
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Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
