The property is also ideally situated for a SELF STORAGE PARK
Either Brick or Containers as per EXAMPLE!! There are no storage facilities in this area and you do not need bulk services/ plans /town planning permission/ etc . with the minimum capital outlay you can increase your investment in a very short time. The agent can assist in all aspects of starting a self-storage business on this plot.
• Property is situated in the Blue Zone (upmarket high-value property) area of Bloemfontein.and ready for rezoning.
• New road planned to connect to LHP running in front of the property.
• Very sought after area for development.
• Units in the new development sold out within the first month.
• Ideal for development
• Cost per building opportunity is around R 190 000 per stand.
• Empty plots selling for up to R500 000 in area.
• Property has 2 boreholes.
• Large house on property 5 Bedrooms 3 bathrooms with flatlet and outbuildings. Property in need of repairs!!!
• 6ft electrical fence all around.
• Municipal main sewage line directly in front of the property
• Main power lines also direct in front of the property
• Property very slightly sloped to allow for easy rainwater drainage.
• The municipal map also indicating the property is earmarked for future housing development.
• Possible to build up to 45 units and more depending on layout.
• Conservative return on investment from R14 million
• Property valued at R4,6 million
• Developments in the area are working on R7 mil profit Per Hectare that gives R 16 mil profit
Property Features
Key Features
Bedrooms4
Bathrooms3
Land Size2.33 ha
RatesR 1 285
Interior
Lounges1
Dining Areas1
Kitchen
Built-in Cupboards
Exterior
Flatlet
Borehole