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Investment Prime Land Mixed Usage / Commercial / Industrial
R 6,500,000
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3 months ago57 views
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Description
Knysna Central Garden Route Western Cape
For the discerning businessman – This prime property is situated just off the N2 as you enter Knysna from Plettenberg Bay, with access from both Waterfront Drive as well as Main Road, well situated. The erf is currently zoned residential however there are both residential and commercial properties in Church Street, rezoning is therefore easily accomplished.
4078m2 level erf fully fenced
2 houses together approximately 300m2
There are no servitudes
Rates & Taxes R1,354
This property lends itself to industrial / commercial type development / apartments or cluster housing considering location.
Phone me without delay for an appointment…
DISCLAIMER - eXp Realty South Africa has made every effort to obtain the information regarding this listing from sources deemed reliable. However, we cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.
Property Reference #: 7002001-19487
Agent Details:
Leslie Goodway
eXp South Africa
South Africa
For the discerning businessman – This prime property is situated just off the N2 as you enter Knysna from Plettenberg Bay, with access from both Waterfront Drive as well as Main Road, well situated. The erf is currently zoned residential however there are both residential and commercial properties in Church Street, rezoning is therefore easily accomplished.
4078m2 level erf fully fenced
2 houses together approximately 300m2
There are no servitudes
Rates & Taxes R1,354
This property lends itself to industrial / commercial type development / apartments or cluster housing considering location.
Phone me without delay for an appointment…
DISCLAIMER - eXp Realty South Africa has made every effort to obtain the information regarding this listing from sources deemed reliable. However, we cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.
Property Reference #: 7002001-19487
Agent Details:
Leslie Goodway
eXp South Africa
South Africa
Id Subtitle 1283063556
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Estimated monthly repaymentR 70,441
Total property loan amountR 6,500,000
Total interestR 10,405,831
Total repaymentR 16,905,831
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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eXp South Africa
Selling for 3+ months
Total Ads8.78K
Active Ads8.78K
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R 13,650,000
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Knysna Garden Route Western CapeSituated on the N2 coming into Knysna proper from Plettenburg Bay side, this is a solid investment opportunity with excellent 10% return and climbing. On Main Street in Knysna, waiting for the discerning buyer, this property is well positioned with a petrol station, the Knysna Court House, SAPS and Post Office in the immediate vicinity. Knysna and surrounds has grown into a bustling metropolis both in season and out and currently has several retail projects in process in an effort to accommodate the community.This property is well maintained and populated by consistent long term tenants. There are 8 retail spaces of varying sizes plus 29 parking bays located in the basement which also generate passive income. The key tenant here is KFC and has been here for 20+ years and recently upgraded their facilities. The other tenants are mainly a mix of national brands and all have been there for more than 3 years barring the NPO newcomer which has been there for just on a year and thriving. All tenants have remained solid contributors even through the pandemic.Under roof - 1560 sqm of retail/office space with an extra 938 sqm of secure basement parking and storage facilities. The erf is on a slight gradient creating a second level when viewed from Main Street and offering some of the retail spaces a second entrance/exit at the rear of the building and onto extra parking and driveway – all paved. The other retail spaces share a passage way to the basement parking entrance and a staircase to the rear driveway.The apartments above and the adjacent dealership are separate entities, the apartments also being privately owned. The entire premises currently has 24 hour guarding to protect all assets.Please contact us to discuss your purchase of this extremely saleable property and private viewing.VATABLENO TRANSFER DUTYProperty Reference #: 7002001-18299Agent Details:Sean GoodwayEXP RealtySouth Africa13 Nankies Nook Eldoraigne , Eldo Park Estate , 157
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