🚨 Urgent sale – 🚨

🏢 SOLE MANDATE | URGENT SALE – BUSINESS PROPERTY IN OTAVI CENTRAL!!️

💰Price: N$1,500,000

Looking for your next investment opportunity? This centrally located business property offers excellent redevelopment potential and immediate rental income.

PROPERTY FEATURES

• 📐 Erf Size: 2,007m2
• 🛍 2 large commercial shop spaces (previously operated as bars)
• 🛌 Multiple residential rental units – mostly currently occupied
• 🚿 7 Bathrooms
• 🚽 3 Toilets (WC)
• 💧 Borehole on the premises
• 📍 Centrally located near schools, shops and all essential amenities
• 💼 Excellent redevelopment and income-generating potential

PROPERTY OVERVIEW

• The property consists of an older building with great renovation potential, making it ideal for investors looking to modernize and add value.
• The commercial section comprises two spacious shop premises that were previously used as bars.
• The residential section consists of multiple rental units, most of which share communal bathroom facilities.
• The existing tenants provide immediate rental income while offering excellent future development opportunities.
• With over 2,000m2 of land in a prime central location, this property is an exceptional investment at this price.

WHY INVEST IN OTAVI?

• Otavi is a growing town with exciting development prospects.
• A Namibian university is expected to open its doors in Otavi, creating increased demand for accommodation and commercial space.
• Accommodation in Otavi is already scarce, making this an ideal investment for future growth.

SELLING BELOW VALUATION

• 💰 Valued at N$2.2 Million(2023)
• 🔥 Selling for only N$1,500,000