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95 Hope Street, George Central, George, Western Cape
R 4 298 000
An exceptional opportunity awaits in the heart of George’s thriving commercial hub. Ideally positioned along a busy public transport route and surrounded by established businesses, this property offers the perfect combination of immediate income generation and future growth potential. The existing improvements include a well-maintained residence with office facilities, a separate bachelor flat, and tenants already in place, generating an estimated monthly rental income of between R25,000 and R28,000. Whether you are an investor, developer, or entrepreneur, this property presents a versatile and rewarding opportunity. One of the property's most attractive features is its outstanding redevelopment potential. The erf may potentially be subdivided into two separate portions, providing added flexibility for future projects and investment strategies. The possibility of applying for business rights through the municipality further enhances the property's value and versatility. Opportunities offering this level of exposure, flexibility, and development scope are seldom available in such a sought-after location. This is more than just a property purchase—it is a chance to secure a strategic asset in one of George’s most prominent growth areas.
Estimated monthly repayment
R 40 587
on a R 3 868 200 bond over 20 years at 11.25%
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95 Hope Street, George Central, George, Western Cape
Listed by
Michael Mabunda
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