ZONED FOR EDUCATIONAL PURPOSES!.
“The erf and the buildings erected thereon or to be erected thereon, shall be used solely for the purposes of an institution, places of public worship and places of instruction and with the consent of the local authority for social halls, the purposes of dwelling-units, residential buildings related to the main use, special uses and such other uses as the local authority may permit.”
According to the Title Deeds, a three storey building, half the overall surface size of the Erf, can be built.
That is, let us say that the property is bought to establish a Church, and the Church’s Educational purposes. The ground floor can accommodate space for a Church and an Educational area, as well as a small restaurant catering for those attending either the Church services and/or its educational and other general Church’s Congregational activities. The Church can also provide Community Hall services, etc.
The first and second floors can accommodate residential areas in the form of Apartments. each floor can easily accommodate 20 apartments of 60 square meters each. That is, between 35 and 40 apartments altogether, as some could be bigger than others. These apartments can be a fund raising source for the Church, to cater for its Church and Educational activities taking place on the ground floor. Or they could be used to house members of the Church’s Congregation, etc.
Alternatively, rather than a Church, the Institutional Zoning can also cater, for example, for a Building providing exclusively educational services to the Public, including a Private School of whatever nature, which is in fact a private business, etc
All of these can be catered for under the present Institutional Zoning arrangement.
Or you can take the route of rezoning it completely to your liking.
Priced at a bargain,R750k for 3200 sqm. Do the maths.
Make your move now,call on Robbie.