Langebaan, Western Cape, South Africa
- PROPERTY TYPE
Hospitality
- BEDROOMS
22
- BATHROOMS
11
- SIZE
9,472 sq ft
880 sq m
Key features
- Close to beach
- Near casino
- Close to mall
- Self contained units
- Income generating
- High demand area
- Close to resorts
- 3 Phase power
Description
Exceptional Investment Opportunity!
Located at Mykonos access road, this outstanding property features 11 fully functional vacation units, perfect for generating immediate short-term rental income.
Its prime location in a bustling street offers unparalleled exposure and foot traffic, making it an attractive opportunity for overseas investors seeking a lucrative return on investment. Very central/prime commercial area adjacent to Laguna Mall.
Commercial zoned property of 3000m2, partially developed as 11 freestanding 1-bedroom, 4-sleeper chalets: 6 pitch roof/thatch roof open-plan units & 5 flat roof 1-bedroom, 4-sleeper units. Plus 1 building used as office. 12 structures in total covering 50% of the property.
Apartment blocks have risen around and another 200 are planned nearby, 200/300 meters away. Currently, a hub for development. Major well-established local resort & casino, Club Mykonos Casino Resort, 500m away, seafront. Built in the 1980s.
The whole area is turning into a major semigration region with many developments within a 2/3km radius and further public facilities planned. This is ascertainable with the local Saldanha Bay Municipality.
Currently, the property has 2 entrances, set up as a drive-thru self-catering rental complex. Registered for VAT and is registered as a closed corporation. If the CC is bought with the property, no VAT will be due.
It was originally bought via the UK in 2004 with a UK resident & SA resident (both UK citizens). The current solo owner is the SA resident seeking retirement.
There are many options available commercially, redesigning or converting existing units. Could be drive-thru eating, mini office units, etc.
Includes 3-phase power availability for multi-story accommodation development. Two previous plans are available as a potential option.
Whether you're looking to capitalize on existing rental income or planning to redevelop the property, this exceptional investment opportunity awaits!
Don't miss this opportunity to invest in a prime commercial property with vast potential for growth and development.
Langebaan, Western Cape, South Africa
NEAREST AIRPORTS
Distances are straight line measurements- Cape Town(International)70.7 miles
Notes
This is a property advertisement provided and maintained by Lew Geffen Sotheby's International Realty, Western Cape (reference LGBCNRMYKONOS) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.