This commercial property is perfect for a Re-development project, however we are are currently asking for R4million Negotiable for these 2 ERFS
Totaling to about 900+m² combined.
When re-developing you can build 108 Bachelor flats and get 15 %ROI.
South Beach is perfect for investment as you get low priced properties which you can leverage.
This property used to be a church and an academy, it has a church and various offices inside and also has back rooms at the back.
We have went to great heights to complete a feasibility study for the re-development of this property.
When redeveloping you can get 108 Bachelor units,
ROI is 15%
Required finance from purchaser:R16.5Million
Total Project Cost Apprx R32mill
The balance can be financed should buyer qualify.
To get more information contact me
