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Unique mixed use rental property, CC registered, selling below valuation for N$18 mil in Prime location in Walvis Bay

N$ 18,000,000

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Agent Details

PHA Real Estates CC

Malinda Brasler

Malinda Brasler

+264 811272670
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Unique mixed use rental property, CC registered, selling below valuation for N$18 mil in Prime location in Walvis Bay

*Zoning: General business *Strategically located / development and upgrade potential. *This family owned / run CC with dependable returns has been in full operation since the 70’s. *High visibility property situated on prominent corner stand boasting 110m of street frontage along 2 roads, in prime location in the heart of Walvis Bay. *Unique blend of commercial and residential spaces on 2 floors etc. Surrounded by other business properties, retail outlets, offices, residential units’, accommodation facilities. * A rich mix of loyal anchor and other tenants are in place with no vacancies. Lease periods range from 1-5 years. * Annual turnover rental returns from anchor tenants adds to income. A large hidden courtyard with garages, informal off-street parking, a communal drying yard & refuse area. *Value easily added with minor improvements & opportune buyer vision. *Erf size: 2 500 m² Coverage 85% permissible. *Commercial: 1491 m², * Residential:276 m², *Garages 64 m² & additional communal space (stairs, wc, cleaner store, drying ‘yard’, secure off-street parking). *The CC is selling well below valuation

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