1001 m² Land available in Malvern

Developers / Investors Commercial/Residential property in Malvern, Queensburgh

Golden Oldie, being in the familys history for nearly a century. This property is located in the heart of Queensburgh, [1001 m2] literally 200 metres to main Shopping Centre in Malvern. Currently zoned as residential, however it has commercial rezoning rights and can be developed into a multiple development limited to two levels.

Currently, being utilised as a residential property with a Non Imafa wooden iron HOUSE consisting of three bedrooms, two bathrooms with toilet and bath. Wooden floors/iron exterior. Portions of the house need drastic renovating. There are two flatlets on the property currently earning an overall rental of R 9 500.00. Flatlet One [studio] Open plan with shower and toilet and one-and-a-half-bedroom flatlet with one and a half bedrooms with a full kitchen and one bathroom. Fully fenced, gated with two separate entrances. Hotel to be developed on the top of the road and has a development currently in fourth phase being constructed alongside the property.