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
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