Property
Description
Property Description
Situated within the Indigo Bay complex in Margate, this portfolio comprises five spacious, sea-facing apartments, each measuring approximately 168 m² and offering four bedrooms, two full bathrooms, and an open-plan living area incorporating the lounge, kitchen and dining room. With generous proportions and a coastal setting, the apartments are ideally suited to the holiday accommodation market, permanent residential use or a combination of personal occupation and investment.
A key attraction for investors is that the complex permits Airbnb and short-term holiday letting, creating an opportunity to generate income from holidaymakers visiting the KwaZulu-Natal South Coast. Each apartment benefits from two allocated parking bays, while individual storage rooms are available to each unit, adding further practicality and convenience for owners, residents and holiday guests. Selected apartments feature patios with frameless glass stacker doors, air-conditioning and backup power systems, enhancing their appeal as holiday accommodation.
The portfolio offers a variety of positions within the complex, including ground-floor apartments with direct access to the seaside lawn, a first-floor unit and elevated third-floor apartments. Furniture arrangements vary between the units, with one apartment offered furnished, subject to specified exclusions, and the remaining apartments offered unfurnished, with furniture potentially negotiable separately by agreement.
For investors seeking to enter or expand within the coastal holiday rental market, the opportunity to acquire five substantial apartments within one complex offers flexibility in how the portfolio is held and operated. The units can be considered individually or collectively, allowing prospective purchasers to explore different acquisition strategies, short-term rental models and property management arrangements. With Airbnb usage permitted, sea-facing accommodation and practical features throughout, Indigo Bay presents an opportunity to establish an income-generating coastal property portfolio, subject to occupancy levels, operating costs and prevailing rental demand.
Individual Unit Descriptions
Unit 5 – Ground Floor
Unit 5 is a four-bedroom, two-bathroom apartment measuring approximately 168 m², situated on the ground floor with direct access to the seaside lawn. Its position offers convenient access to the outdoor surroundings, making it particularly appealing for holidaymakers seeking a relaxed coastal stay. The apartment includes an open-plan living arrangement, two allocated parking bays and an individual storage room. The unit is offered furnished, subject to certain excluded items, providing an opportunity for a purchaser to acquire a substantially equipped holiday accommodation property.
Unit 6 – Ground Floor End Unit
Unit 6 is a spacious ground-floor end unit offering four bedrooms, two full bathrooms and an open-plan lounge, kitchen and dining area. The apartment features a patio fitted with frameless glass stacker doors, creating an attractive connection between the living space and the outdoors. Its ground-floor position provides direct access to the seaside lawn, while air-conditioning adds to occupant comfort. The unit also includes two allocated parking bays and an individual storage room. Furniture is excluded from the sale but may be negotiated separately by agreement.
Unit 8 – First Floor
Located on the first floor, Unit 8 offers approximately 168 m² of sea-facing accommodation comprising four bedrooms, two full bathrooms and an open-plan lounge, kitchen and dining area, complemented by a patio. The apartment provides a spacious layout suited to family holidays and short-term accommodation, with Airbnb letting offering potential for income generation. Two allocated parking bays and an individual storage room further enhance the unit's practicality. The apartment is offered unfurnished, with furniture potentially negotiable separately by agreement.
Unit 19 – Third Floor End Unit
Unit 19 is a sea-facing, third-floor end unit offering four bedrooms, two full bathrooms and an open-plan lounge, kitchen and dining area. The apartment features a patio with frameless glass stacker doors, air-conditioning and an inverter with battery backup, providing additional convenience during power interruptions. Its elevated position and end-unit configuration add to its appeal within the complex. The unit includes two allocated parking bays and an individual storage room. Offered unfurnished, it presents an opportunity for an investor to furnish and position the apartment for the short-term holiday rental market, with furniture potentially negotiable separately by agreement.
Unit 20 – Third Floor
Unit 20 is a third-floor, sea-facing apartment measuring approximately 168 m² and comprising four bedrooms, two full bathrooms and an open-plan lounge, kitchen and dining area leading onto a patio. The apartment is equipped with air-conditioning and an inverter with battery backup, offering added comfort and convenience for occupants. Two allocated parking bays and an individual storage room are also available to the unit. Offered unfurnished, the apartment provides an opportunity for a purchaser to tailor the furnishings and presentation to suit a holiday letting strategy or personal coastal retreat, with furniture potentially negotiable separately by agreement.
An Opportunity for Coastal Property Investors
The Indigo Bay portfolio offers purchasers the opportunity to secure five substantial sea-facing apartments in a single coastal complex, with the flexibility to acquire units individually or pursue a broader investment strategy. The permission for Airbnb and short-term holiday letting creates scope to develop an income-producing accommodation portfolio, with returns dependent on achievable nightly rates, occupancy, seasonal demand and operating expenses.
Investors are encouraged to enquire about the available units and assess the opportunity to build a coastal rental portfolio in Margate. Whether your objective is to acquire a single holiday apartment or establish a multi-unit accommodation operation, this portfolio offers a practical starting point for exploring the income potential of sea-facing property on the KwaZulu-Natal South Coast.
Area Description
Manaba Beach is an established coastal suburb on the KwaZulu-Natal South Coast, forming part of the greater Margate area within the Ray Nkonyeni (Hibiscus Coast) municipality. The area is a popular holiday and residential destination known for its sea-facing properties, beaches and relaxed coastal lifestyle, with strong seasonal demand from domestic holidaymakers. The Indigo Bay complex enjoys a sea-facing position in the Beacon Rocks pocket of Manaba Beach, within easy reach of the beach, and close to the shopping, medical and schooling amenities of Margate, Uvongo and Shelly Beach, including Netcare Margate Hospital, the Shelly Centre and Southcoast Mall. The location is well connected to the N2 and the R61 coastal route, linking the South Coast towns and giving access towards Port Shepstone and Durban, with Margate Airport nearby. The combination of beachfront proximity, holiday-rental demand and coastal amenities makes it a sought-after location for holiday and investment accommodation.
Area Amenities
Margate Primary School – approximately 1.0 km
Manaba Beach – approximately 1.3 km
Netcare Margate Hospital – approximately 1.7 km
Shelly Centre, Shelly Beach – approximately 6.1 km
Southcoast Mall, Shelly Beach – approximately 7.2 km