At over 4000sqm, this fantastic commercial property is perfectly situated along the famous St Lucia Estuary and offers investors an incredible opportunity to take advantage of. The property consists of 12 x 65sqm 2-bedroom units, overlooking the estuary, a communal swimming pool and a 408sqm commercial building, ideally located along the main road of town. With plans drawn up for both subdivision and sectionalizing, the property can be split into two stands at around 2000sqm each and separating the front 408sqm building from the 12 x 2-bedroom units. Versatile in its design and layout, investors have the ability to run the whole development in its current setup, subdivide the over 4000sqm into two, or sectionalise each 2-bedroom duplex - along with the front commercial building - and sell each unit individually.
The 12 x duplex apartments/units:
- each 65sqm in size - 2-bedrooms - main bathroom - Kitchen - Lounge - outside patio/braai area - designated undercover parking - Inclusive of furniture/moveable's
The front roadside building: - 408sqm in size (two floors) - front 40sqm ground floor office - 3-bedroom 180sqm residential flat on the 1st floor - 2 x large 1-bedroom flats on the ground floor - Inclusive of furniture/moveable's - roughly 20 visitors parking bays, with space for more.
There is no doubting the huge potential for this incredible property. With so much more to be seen, capitalize on this opportunity and contact us today for a viewing!
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
