EXCITING COMMERCIAL OPPORTUNITY - ZONING: BUSINESS 1 WITH LOTS OF POTENTIAL

R6,900,000
Property Details

Exciting Commercial Opportunity - Zoning: Business 1

Unique opportunity to enlarge current improvements to use the Business 1 zoning to its fullest.

The approved zoning allows among other dwelling-units and a residential building (including block of flats or hotel) with a height of 19 meter, coverage of 40% and Floor Area Ratio of 2.5.

The property is underdeveloped and can be extended to make the property a very higher income yield investment.

The property is currently improved as a single storey building with 3 businesses: a coffee shop, baby clothing shop and hairdresser that yield a good income.

Full particulars of rental income and the zoning will be provided upon viewing of the property.

Property Features
Property Type
Retail
Land Size
691m²
Location
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