This property is on a huge erf and is situated on the border of Walmer suburb in the midst of a a commercial node. Due to the that, the comparable valuation is valued at R1,8million and one would therefore be buying at below market valuation.
Possible options to consider;
1) flatten the main house and put up a warehouse or commercial building.
2) Add flatlets 3-5 additional flatlets behind the property for additional income.
3) Put up a low cost housing complex or sectional title scheme.
Easy access to main road access
Close to sought after schools
2 Large shopping centres in area
Call to arrange your private viewing now!