A Business Opportunity! 2 Adjacent Plots. Commercial / Residential..

R 2,550,000

2 months ago172 views
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General Details
For Sale By:Owner
Size (sqm):1101
Parking:Off street
This property can generate an excellent income offers an awesome business opportunity to the right entrepreneur as it is ideal for business and/or residential rentals. There are 3 units on the first plot and the adjacent plot has not been developed, but also have business rights. PLEASE NOTE: * The undeveloped erf can be sold separately R470000. * Each of the very large 3 b/room flats can be sold separately R795000 each. * The garden flat/internet coffee shop can be sold separately R595000. * The storage/barn can be sold separately R100000. FEATURES OF THIS UNIQUE PROPERTY: ~ This property has business Rights ~ Canal water ~ 3 x Large Flats / Office Units ~ 2 Adjacent Plots ~ Erf 154 – 669 m2 ~ Erf 194 – 432 m2 ~ Total size of property = 1101 m2 ~ Electric Fence and cameras for security purposes. ~ Optimal Position for Business Development as this property is at the entrance to Ritchie, diagonally across from the main shop. ~ It is only 20 minutes from Kimberley, the capital and largest city of the Northern Cape Province of South Africa. ~ Ritchie is included in the existing Bus and Taxi Routes so has already been identified as an ideal student accommodation development area. ~ There is a projected need for agriculture student accommodation as the Sol Plaatje University adds an extra Faculty every year and the City's existing available rental accommodation is being utilised to the max. DETAILS: 1) Unit/ Flat 1: Three b/rooms, 1 bathroom, kitchen, d/room, spacious lounge, garage, garden, enclosed veranda. 2) Unit/ Flat 2: Three b/rooms, 1 bathroom, kitchen, d/room, spacious lounge, veranda 3) A Garden Flat / Unit: One b/room, lounge, open plan kitchen and d/room, bathroom, enclosed porch, enclosed garden, 2 x off-street parking. 4) Store / Small warehouse: wired, plumbed, separate entrance, 4 x off-street parking. 5) Adjacent UNDEVELOPED PLOT RESIDENTIAL RENTAL POTENTIAL: 1) Flat / Unit 1: R6 500+ PM 2) Flat / Unit 2: R5 500+ PM 3) Garden Flat/ Unit: R4 000.00 PM 4) Store / Small warehouse: R2 000.00 PM 5) Extra Unit: R1 000.00 PM (rented to local vegetable/ lucerne growers) * Total Potential Rental Income: R19 000.00+ PM BUSINESS RENTAL POTENTIAL 1) Unit / Flat 1: as a shop, offices OR Training centre @R8500.00+ PM. It is situated on a corner in the right location; existing electric fence and other security measures. 2) Unit / Flat 2: as offices/ training centre @ R7000.00+ PM. 3) Garden Flat / Unit: as Internet café Coffee shop/ Gift shop @ R6500.00 PM. 4) Store / Small warehouse: can become 2 x loft accommodation @ R6000.00 PM. 5) EXTRA PLOT can be turned into a ‘Pay-to-enter’ swimming pool with Lapas and/ or Takeaway, etc. * TOTAL INCOME POTENTIAL: R28000.00+ PM excluding the income from the adjacent undeveloped plot. Should you be a serious buyer and would like to view the property, contact Annarica Allison at 0827386674 or email her at drawflame@gmail.com.
Id Subtitle 862940870
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