Ref # 2355934

General Residential Development Opportunity in Walvis Bay

Property Type
House
Land Size
1,250m²

For Sale: Prime General Residential Property

Location: Walvis Bay, Namibia

Overview:

This exceptional property presents a unique development opportunity in the heart of Walvis Bay. With potential for constructing apartments or townhouses, this property is perfect for investors looking to enter the growing real estate market in this thriving coastal town.

Current Status:

The property currently features a residential house with garages, generating a rental income of N$ 12,500.00, making it an attractive investment while plans for development are underway.

Zoning Information:

The property is zoned for General Residential use, with the following primary uses permitted:

Block of Flats

Duplex Flats

Dwelling Unit

Residential Building

In addition to the primary permitted uses, the property has several Consent Uses currently:

Back Packer's Hostel

Bed and Breakfast

Guest House

Home-Based Business (Admin or Professional)

Home-Based Business (General Dealer or Shebeen)

Hotel

Hotel Pension

Institutional Building

Place of Assembly

Place of Instruction

Place of Public Worship

Self Catering Establishment

Special Institutional Building

Development Regulations:

Height Restriction: Maximum of 3 Storeys

Bulk Limit: Within the General Residential 1 Zone, the bulk must not exceed 2.0.

Density Limit: One dwelling per 300 sqm.

Conclusion:

With its strategic location and versatile zoning, this property is a fantastic investment opportunity for developers and those looking to capitalize on the growing demand for residential options in Walvis Bay.

For more information or to arrange a viewing, please contact me today!

Property in registered in private name.

Marlene de Witt photo
Marlene de Witt
081 149 7368
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