R2,400,000
R2,400,000
Monthly Bond Repayment R25,594.31
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Versatile Property with Commercial Potential!
Ideal for entrepreneurs and investors seeking prime commercial real estate. There is endless potential with this property strategically located on the main road running through Merrivale.
Surrounded by businesses, shops and petrol stations, this is the perfect space for a retail, office, accommodation or mixed-use development.
(Investors should note that the property's zoning was previously commercial, but the current owners had it rezoned back to residential. This makes the possibility of reverting back to commercial very plausible).
For those who appreciate history, the current structure is about 150 years old, and used to be the Merrivale Hotel. Perhaps it could be restored as a cozy B&B or bustling restaurant?
And then there is always the option for it to continue as a spacious historic home for someone who can enjoy its thick stone walls, wooden floor boards and high ceilings.
Either way, this is a rare opportunity to start an exciting venture. Contact us today to explore the possibilities!
*Sole Mandate
Features
Interior
Exterior
Sizes
Extras
Near Golf Course • Pets Not Allowed • Near Shops • Near Shopping Mall • Near Hospital • Good reachable traffic • On Busy Road • En-suite Bathroom • Near Schools • Needs Renovation • Near Highway • Fireplace Room • Veranda • Stone • Near Public Transportation • Needs Redevelopment • Old Building
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