A unique opportunity to acquire a well-known historic property with established rental income and plenty of room to unlock further value.
The property currently generates in excess of R80,000 per month from only a portion of the available space, leaving significant potential to increase returns by letting the unused areas or exploring a conversion to student accommodation.
Zoned Residential Zone 6, the property also comes with a valid liquor licence, offering additional flexibility for the right investor or developer.
Whether your strategy is to grow the existing rental income, develop student accommodation or explore alternative uses for the available space, this property offers an attractive combination of existing income and future potential.
All serious offers will be considered.