Price Reduced
Sole Mandate
- 16
- 8
- 770 m2
- 4 083 m2
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Property description
Offers from R 4 500 000 will be considered
This spacious property is well-positioned and can be subdivided into two stands.
Stand 1 - Front garden : (Approximately - 2 136 m2)
Has great flow - The property was previously used as a 3 Star guesthouse with 16 rooms (Incl the 2 log cabins). Has had some wear and tear. Needs attention.
Stand 2 - Back Garden : (Approximately - 1 960 m2)
This is vacant land was used for parking . The owner has rezoned it to have 7 clusters built on it.
(Currently has a cellphone tower on the stand - Generating a rental income of R 200 000 per year).
Great opportunity to build a complex block for developers due to high density in the area.
Loads of value on this property!
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Property Details
- 16 Bedrooms
- 8 Bathrooms
- 3 Lounges
- 3 Dining Area
Property Features
Bedrooms | 16 |
Bathrooms | 8 |
Floor Area | 770 m2 |
Erf Size | 4 083 m2 |