Property Details
ON AUCTION with an opening bid of R4,4mil (only R6770/m² floor size)
Discover a tranquil lifestyle in the heart of Britannia Bay, where nature meets opportunity. Nestled just 250m from the renowned Golden Mile Beach, this versatile 650m² property offers an unrivalled blend of serene West Coast living and lucrative investment potential. Perfect for investors, retirees, or those seeking a holiday home with passive income, this property promises both exceptional capital growth and immediate rental returns in a booming market.
Income Potential
• Holiday Accommodation: Currently features two homes seamlessly joined. Home 1, a successful Airbnb with 2 spacious bedrooms (sleeps 7), generates +R120,000 annually. Home 2, the owner’s residence, offers 3 bedrooms—including a large loft and a flexible kids’ room/office—ripe for conversion into additional holiday rentals. At conservative rates for this area (R1,500/day for 2-bedroom homes and R6,200/day for 6-bedroom homes), this property could operate as separate units or one large home, adding over R4.3 million in value (6% cap rate).
• Medium-Term Rentals: With limited rental options in Britannia Bay, this prime-location property could easily fetch R24,000/month, yielding an additional R5.6 million in value (6% cap rate).
Capital Growth
The St. Helena Bay and Britannia Bay area is experiencing explosive growth—residential, municipal, and commercial developments are driving demand. Recent data shows 27.7% growth over 2 years and 110.5% over 5 years in the broader region, with Britannia Bay outperforming at 30.7% and 136.4%, respectively. At this trend, every R1M invested could yield over R1.36M in 5 years, making this a standout opportunity for capital appreciation.
Property Highlights
• Renovated & Low Maintenance: Newly refurbished with the tiled roof, painted and re-waterproofed, and modern interiors—no immediate capital outlay required. No HOA fees apply.
• Entertainment Ready: Features include well-maintained, low-maintenance gardens, a rooftop patio, swimming pool, and braai-pit area.
• Prime Location: Just 250m from the Golden Mile Beach, a pristine stretch of golden sands with calm waters, safe swimming, and abundant wildlife—dolphins, whales, and birdlife abound.
Market Trends
• Rising demand for larger homes due to “semigration” and holiday rental interest.
• Properties within 300m of beaches enjoy a 20–30% value premium.
• Income-generating homes command lower cap rates (5–6%), enhancing value.
• Recently renovated properties with no maintenance costs attract discerning buyers.
Lifestyle & Location
Britannia Bay, part of the historic St. Helena Bay—where Vasco da Gama first landed in 1497—offers a mild climate, spectacular sunsets, and a unique north-facing bay where the sun rises over the water. Located a short drive from Cape Town, it’s accessible, yet blissfully removed from urban chaos. Enjoy outdoor activities, safe swimming, and a pristine environment in this sought-after coastal gem.
This property is a rare find—whether you’re seeking a peaceful retreat, a high-yield investment, or both. Don’t miss your chance to own a slice of Britannia Bay’s golden future.
The Seller has chosen to make use of our nationally proven Non-Distressed Auction Platform For Serious Sellers.
- Full Finance Options Available
- Offers Accepted prior to Auction Day
- All property reports available on request
- The seller has a Non-Disclosed Reserve Price
- Seller to arrange compliance certificates and rates clearance certificate for buyer
Auctioneers fee is payable over and above the purchase price. Subject to confirmation