🏢 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
