AN EXCELLENT INVESTMENT OR DEVELOPMENT OPPORTUNITY. A 3054sqm property in Nieuw Muckleneuk has just entered the market.
2 Stands that were consolidated with Res 2 zoning in place (25 units/ha) thus 7 dwellings. Sectional Title Register is not opened as yet.
Site currently consists of 7 living units, fully furnished as well as an educational centre (place of instruction), a pool and storeroom.
All units are currently tenanted, mainly for embassy use. An excellent disposable Return on Investment of 10%.
Various options can be considered:
- Redevelopment as an option or
- Renovation of existing properties with the aim to sell off individually with Sectional Title plans and approvals.
The property is located in an upmarket area and in close proximity from Brooklyn Mall, Brooklyn Academy and Laerskool Anton van Wouw.
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