Property Overview
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- Size:
- 17,222 sq ft / 1,600 sq m
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- Usage:
- C3, Sui - Generis
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- Sale Type:
- For Sale
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- Rental Income:
- Undisclosed
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- Property Type:
- Development Land
- Land
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- Auction:
- No
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- Development Opportunity:
- Yes
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- Investment Opportunity:
- No
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- Tenanted:
- Yes
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- Energy Rating:
- N/A
General Summary
PRICE REDUCED FOR QUICK SALE
Superb residential unit development site!
Within the Walmer densification zone
Potential office premises
Re-zoning required
Tenanted opportunity for offices or residential development Land 1682m² Building extent 220m² Zoned: Res 1 Rates: R925 /m Main house: 2 double bedrooms, 1 x bathroom, open-plan kitchen/dining room, lounge, sunroom. Swimming Pool (not functioning) Cottage: 1 bedroom, bathroom, lounge/dining Office: 2 rooms, bathroom Carport Space for off-street parking Rental income : Main House: R5 700 /m-16 months lease in place. Garden Cottage 1: R2 100/m Studio/office: included in main house rent (potential to rent out separately for R2 500)
Good position for Townhouse/Apartment block development within the Town Planning residential densification node. Entity owned: Family Trust (not registered for Vat) Quotation to re-zone from Metroplan: R45 000.
Location
The 1st Avenue shopping centre is conveniently located 500m away and the property is opposite a good school.
