Property Details

SOLE AND EXCLUSIVE MANDATE

Introducing a prime piece of land located right next to the N2 in the Village of Colchester. This exceptional property offers a multitude of opportunities for investors and developers alike. Situated within a 15-minute drive from the new Coega Industrial Zone and Harbor, it presents an ideal location for various ventures.

Currently, there are 10 self-catering apartments rented out on a long-term basis, generating a steady income of R2 500.00 per month per unit. In addition to this, the property boasts prefabricated offices that were previously used by the road construction company during the N2 development. These offices can be easily converted into additional accommodation or alternatively, demolished to make way for a different purpose.

For those seeking an investment in storage units or warehousing, this property offers immense potential. With the option to rezone the land, you can tap into the high demand for storage units, particularly for boats and caravans, given the proximity to the Sundays River.

Moreover, considering the area's increasing need for affordable housing, obtaining the necessary approvals for a townhouse or sectional title unit development could prove highly lucrative. These properties are in high demand and will sell quickly, or you can choose to expand your rental property portfolio by keeping them as long-term rentals.

As this area is poised for significant development due to its close proximity to the Coega Industrial Zone, this is your chance to transform this blank canvas into your own masterpiece. Take advantage of this rare investment opportunity and unlock its full potential.

To explore this remarkable property and discuss its endless possibilities, contact Bertie van Deventer today. Don't miss out on this exclusive opportunity – schedule your appointment to view now.