Investment opportunity for sale in Willowmore

This property consists of 2 erven with a combined area of 2188 square meters, this is already well fenced in and cleared. The development of this property was initially meant to be an investment that would and still can yield a great income. The existing buildings are as follows:

1. A 2 bedroom, 2 bathroom house with an open plan kitchen and lounge, an outside laundry room and the house has 2500L JoJo tank with a pressure pump. The house still needs cosmetic work.

2. An open plan bachelor's flat with a bathroom, this one is almost complete.

3. The structure for a flat as above.

4. The structure for a flat as above.

5. A dam that was originally there, this was to be converted into a pool and deck area. Willowmore does have water problems, so the dam may be better used as reservoir.

The building patent for these flats and house are approved and this means that more can be constructed as long as the complex still adheres to the electricity provided.

Willowmore has a great need for small to medium size accommodation for mid to long term tenants. This project may well be a bit costly to get off the ground, but the new owner will never have a shortage of tenants.

Please make an appointment for viewings. Thank you.

Property Reference #: 1243334

Agent Details:
Billie-Jeanne Hare
Rawson Properties Oudtshoorn Sales
200, Langenhoven Street, Oudtshoorn, Oudtshoorn North, Western Cape