The asking price will exclude VAT BUT will include the two neighbouring vacant plots or erven, measuring 820 and 959 square meters respectively, with all the content in the venue included as well with the asking price. Just to replace the building itself of 696 square meters on the 2001 square meters plot will be threefold, to that of the asking price. If you do not need or want all three properties then you can just sell them off at a later stage, but the current owner wants to sell everything as a package.
If you are that creative person with innovative ideas, then this is just the investment opportunity for you. The property can also be converted into a Backpackers or even a B&B with ample space on the three properties. It is currently used as a Church and Zoned as Institutional Zone 2. There’s five rooms and shower or bathroom facilities on the side of the building.
You need to view the property to appreciate the potential as the Colchester area is expanding rapidly with all the new development in the Coega IDZ, which is a mere 15-minute drive from this property, with a big demand for long term rental units in Colchester.
Contact Bertie van Deventer today to make your appointment to view this property.