*Zoning: General business
*Strategically located / development and upgrade potential.
*This family owned / run CC with dependable returns has been in full operation since the 70’s.
*High visibility property situated on prominent corner stand boasting 110m of street frontage along 2 roads, in prime location in the heart of Walvis Bay.
*Unique blend of commercial and residential spaces on 2 floors etc. Surrounded by other business properties, retail outlets, offices, residential units’, accommodation facilities.
* A rich mix of loyal anchor and other tenants are in place with no vacancies. Lease periods range from 1-5 years.
* Annual turnover rental returns from anchor tenants adds to income. A large hidden courtyard with garages, informal off-street parking, a communal drying yard & refuse area.
*Value easily added with minor improvements & opportune buyer vision.
*Erf size: 2 500 m2
Coverage 85% permissible.
*Commercial: 1491 m2,
* Residential:276 m2,
*Garages 64 m2 & additional communal space (stairs, wc, cleaner store, drying ‘yard’, secure off-street parking).
*The CC is selling well below valuation
