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Development Property With Rental Income In Bloemfontein For Sale

Bloemfontein, Free State, South Africa
Asking Price:
R5,000,000
Sales Revenue:
On request
Cash Flow:
On request

This is a huge opportunity for a developer who wants to expand into student accommodation or affordable accommodation for young adults. This property is 8266 square metres with current buildings rented out to a church for a monthly rental income. There are huge potential possibilities for the right owner to expand the monthly rental income as there is ample space available within this property, for expansion. It is situated in a popular area within Bloemfontein where numerous residential property development has taken place.

The property can easily be rezoned for commercial use and developed as such. There are numerous commercial properties surrounding this property.that have done so successfully.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Living accommodation is available as this property was previously a children's home

Location:

Situated between residential and commercial properties within a popular area in Bloemfontein

Size in square feet:
8,266

Business Operation

Expansion Potential:

Huge Expansion Potential

Years established:
45