900 m² Commercial space in South Beach

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+m 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