Dual Mandate | Price Excludes VAT
A prominent commercial address in the heart of George, this substantial 2,840m² erf offers an established rental portfolio and exciting potential for future development in one of the town’s central business precincts.
Situated at 45 York Street, the property accommodates a diverse mix of established tenants, including a restaurant, bookshop and accounting firm, as well as a flat and covered parking bays that are currently leased. Multiple parking bays and entrances and exits from both York Street and Jan Smuts Street add to the property's accessibility and practicality.
The erf forms part of a proposed consolidation and rezoning with the adjoining 1,323m² Erf 2059 in Jan Smuts Street. In-principle pre-approval has been received, subject to conditions, for the consolidated 4,163m² property to be rezoned to Business Zone 1, providing an exciting prospect for future commercial expansion or redevelopment. Please enquire for further information on the combined price structure and proposed plans, which include the adjoining erf mentioned above.
With its central location, excellent exposure, convenient access from two streets and existing tenancies, this property presents an opportunity to secure a commercial investment with current rental income and longer-term development possibilities.
Further information, including rental income and details of the proposed consolidation and rezoning, is available to qualified purchasers upon request.