For Sale: Prime General Residential Property
Location: Walvis Bay, Namibia
Overview:
This exceptional property presents a unique development opportunity in the heart of Walvis Bay. With potential for constructing apartments or townhouses, this property is perfect for investors looking to enter the growing real estate market in this thriving coastal town.
Current Status:
The property currently features a residential house with garages, generating a rental income of N$ 12,500.00, making it an attractive investment while plans for development are underway.
Zoning Information:
The property is zoned for General Residential use, with the following primary uses permitted:
Block of Flats
Duplex Flats
Dwelling Unit
Residential Building
In addition to the primary permitted uses, the property has several Consent Uses currently:
Back Packer's Hostel
Bed and Breakfast
Guest House
Home-Based Business (Admin or Professional)
Home-Based Business (General Dealer or Shebeen)
Hotel
Hotel Pension
Institutional Building
Place of Assembly
Place of Instruction
Place of Public Worship
Self Catering Establishment
Special Institutional Building
Development Regulations:
Height Restriction: Maximum of 3 Storeys
Bulk Limit: Within the General Residential 1 Zone, the bulk must not exceed 2.0.
Density Limit: One dwelling per 300 sqm.
Conclusion:
With its strategic location and versatile zoning, this property is a fantastic investment opportunity for developers and those looking to capitalize on the growing demand for residential options in Walvis Bay.
For more information or to arrange a viewing, please contact me today!
Property in registered in private name.
