A RARE OPPORTUNITY. The rapid economic development of Walvis Bay nowadays attracts many investors and workforce which obviously creates various opportunities for developers, investors and businesses. From this perspective, the demand for rent-able commercial and residential property is as yet exceeding the availability thereof. Therefore, to own a building that caters for both commercial and residential is considered a unique composition compared to the lesser demand for rented office space. This prime commercial property is located in the CBD of Walvis Bay on the main road artery running through the centre of town. Close by are the convenience of various businesses/shops, an adjacent supermarket, Namibia Postal Services, Magistrate Courts, Telecom Namibia, Law Chambers, etc. - all attracting notable daily “feet traffic” needed by a commercial tenant. It also provides in meeting the desire of employees to reside close to their place of work. This building yields an appreciable rent income that warrants an investment of this magnitude. Although the building is fully functional – as is - possible face-lifting and some upgrades could yield an even higher revenue. Fact is that in these “early days” already shows notable development of Walvis Bay and it could be concluded that the opportunity to invest in a property & location as hereby offered, is expected to decrease as the demand keeps escalating. A further bonus for this acquisition is it being registered as a Close Corporation – meaning far less transfer fees (at this stage). For the serious buyer we have the Financial Statements and Rent-Roll which will be made available only by appointment of serious and competent buyers. If this is what you were looking for, please contact us soonest as this offering is below the Valuation done during July 2015.
GROUND FLOOR LAY-OUT:
Ground Floor Shops: 680sqm
The ground floor accommodates six separate shops each with ablution and kitchenette facilities. (Shop 2 and 3 has second floor levels)
Ground Floor garage and storage facilities: 164sqm
This area accommodates a single garage and tandem garage with store room.
Subsidiary Building Ground Floor: 22sqm
FIRST FLOOR LAY-OUT:
First Floor Shops: 308sqm
These areas accommodate second floor office, ablution and kitchenette facilities for shops 2 & 3.
Residential Units 1 to 5
Unit 1(134sqm): Two bedroom unit with kitchen, lounge, dining area, separate toilet and bathroom.
Unit 2(36sqm): Bachelor flat unit with kitchenette and bathroom.
Unit 3 (31sqm): Bachelor flat unit with kitchenette and bathroom.
Unit 4 (31sqm): Bachelor flat unit with kitchenette and bathroom.
Unit 5 (76sqm): One bedroom flat with lounge, bathroom and kitchenette
Subsidiary Building First Floor: 22sqm
This area accommodates a caretaker’s cottage with separate toilet, separate shower and bedroom/kitchenette.
These improvements comprises of the following:
Boundary walls and interlocks.
Walkways, patio’s and staircase (200sqm)
Tool Shed (4sqm)