Prime Commercial and Residential Properties in Kareedouw CBD
EXCLUSIVE MANDATE
This rare property contains a unique blend of commercial and residential units, consisting of prime commercial space as well as various residential apartments, standalone residential units and short term traveler accommodation, is situated in a prime location in the main street and heart of Kareedouw CBD.
The 5 properties, totaling 6940m² of land and 2000+m² under roof, consists of 5 separate title deeds, each offering the prospective investor its own unique character and value proposition as well as the rare potential to work in a “symbiotic” combination with each other.
The commercial buildings which include two separate restaurants, office space and a very well known engineering & supplies shop are all fully leased to well established businesses, which all form an integral part of the character of this lovely little town.
There are 7 highly leasable residential units in total which include two stand alone 2 bedroom units of approximately 90m² each. The additional residential units is integrated with the commercial buildings and include 2 x 3 bedroom apartments, 1 x 2 bedroom apartment and 2 x 1 bedroom apartments.
Property 1 consists of the engineering & supplies shop, a family restaurant and two very neat apartments (1 x 2 Bed and 1 x 1 Bed. This property also features a well maintained bowls pitch used for recreational bowling.
Property 2 consists of prime office space and a very large 3 bedroom apartment with a separate 1 bedroom apartment. This property also includes a triple garage for vehicles and / or storage space with triple carports and an additional large storage space.
Property 3 consists of a family restaurant with an outdoor beer garden bordering the children’s playground as well as a 3 bedroom apartment.
Property 4 consists of 2 “stand alone” 2 bedroom units and a beautifully treed camping area with a backpackers and ablution facility which can accommodate an additional 4 individuals which provides a additional revenue stream.
Property 5 is vacant land but ads tremendous value as a very entertaining and well equipped playground which serves both restaurants, inhabitants of the residential units as well as the camping and backpackers guests.
The properties are all very neat and well maintained, and will ideally be sold together to preserve the unique value proposition and character offered by its combined use.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
