Investment and lifestyle to pray for! - Cape Town

Property for Sale: 16 19th Avenue, Melkbosstrand, Western Cape, South Africa

Located just 30 km from central Cape Town, this property offers proximity to iconic attractions such as Table Mountain and the V&A Waterfront. The home is only 80 meters from Melkbosstrand’s main beach, restaurants, and shops. Melkbosstrand, the first town along South Africa’s scenic West Coast, is renowned for its relaxed lifestyle, safety, and strong sense of community. The area also provides easy access to wine estates, an ostrich farm, and a variety of leisure activities.

After 26 years of ownership, the property is being sold as the owners enter retirement. Property values in this sought-after coastal town have shown exceptional growth, making this an excellent investment opportunity. The house currently operates as self-catering units, generating reliable rental income, but can easily be converted back into a spacious family home.

Key Features
Erf size: 835 m²
Under roof area: 592.53 m²
Ground floor: 369.87 m²
Upper floor: 222.66 m²
Utilities: Three-phase power, borehole (43 m deep, garden use), 2,500 L water tank
Energy efficiency: 2 new electronic gas geysers (with electric option) + 1 electric geyser
Parking: 4 garages, off-street parking, 2 double carports
Construction: Decorative stone (plastered finish)

Accommodation
Total: 10 rooms, 9.5 bathrooms
Self-catering units:
3 rooms with bathroom + kitchenette, shared outdoor braai → €1,100/month
1-bedroom apartment with kitchen, bathroom, under-roof braai, sea view → €500/month
2-bedroom apartment with living room, balcony, outdoor braai, sea & Table Mountain view → €710/month
2-bedroom penthouse with 2 en-suite bedrooms, guest toilet, open-plan living, panoramic 360° roof views → €1,000/month
2-bedroom apartment with entertainment area, indoor/outdoor braai, hot tub, sea view (owner’s residence)
All units are leased on 12-month agreements, with several long-term tenants (some exceeding 5 years). Previously operated as a B&B guesthouse, the property generated higher income due to Melkbosstrand’s popularity as both a holiday destination and a convenient base for Cape Town business travelers.

Investment Highlights
Prime location just steps from the beach
Strong rental income with long-term tenants
Excellent potential for capital growth in a safe, family-friendly town
Flexible layout: income-generating units or conversion to a large family home