560 m² Commercial space in Knysna Industrial

R 2 500 000

Richard Court

Lew Geffen Sotheby’s International Realty-Knysna Mall

560 m² Commercial space in Knysna Industrial

R 2 500 000

13 progress road
Can I afford this?
Floor Area 560 m²
Land Area 1792 m²
Rates R 2500

SOLE MANDATE. 13 Progress Road, is a large stand 1792m². Its position lends itself to make full usage of the 75% allowable coverage (current built area 560m2) . This stand for sale in knysna has been sensibly developed at the rear with three units: Unit 1 is 220m2 and a modern Double storey / High roof structure with Brick cladding, toilets and a small kitchen area. It further benefits from a part mezzanine upper level. Unit 2 is 140m2 and offers a large door for access and a built in service counter, further toilet/kitchen area. Unit 3 is 200m2 and offers extensive storerooms and offices, together with a small flat let area with shower /bathroom .3 phase electricity is available throughout and is cabled via a professional and tidy installation. Externally the property has a large 1100m2 Yard area, which could be further developed. By example to include erecting 18 rentable garage units. Unit 1 is rented at 7000 per month R32 per m2 . Thus at full letting capacity a rental of 16-18k can be envisaged giving an 8% gross return. Current owner has owned for 30 years as long term investment.

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Experience Knysna

Nestled between the Knysna estuary, the Indian Ocean and a vast indigenous forest, this town is full of natural beauty. With three magnificent golf courses, it is a haven for golfers. The waterfront is a popular tourist destination for great food and shopping. Known for its oysters, this town has festivals and events for all kinds of interests. An ideal holiday destination or retirement place, experience tranquility and a safe, small-town life.

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560 m² Commercial space in Knysna Industrial

R 2 500 000

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