INVESTMENT OPPORTUNITY!!!!
N$28 000 000.00, CC Registered
This property consists of two stands – Stands to be sold together.
Bismarck St – ERF 709
Size: 1 667m2
Rentable space is 572 m2
Available to lease @ N$107,500. excl. vat
Minimum 1 year contract.
This stand consists of an 8 room self catering guesthouse. Zoned General Residential.
Teinert St
Erf size is 2853 m2
Rentable space is 284 m2 plus lots of empty ground for parking Available to lease @ N$83,000. Minimum 1 year contract.
The property is situated with excellent visibility form one of Windhoek’s most important thoroughfares, Mandume Ndemufayo Avenue. Zoning has been approved for office with a bulk of 0.4 (i.e. a minimum office space of 1141m2 can be erected). There is an old house with outbuildings that can be demolished or renovated. Enquiries with the town planning division of the City of Windhoek as well as a respected firm of Town Planners have indicated that a bulk of 1.0 should be granted without any major difficulty, a bulk of 0.75 being a certainty.
