Home of­fers many con­ver­sion pur­poses

Good­wood res­i­dence can be re­zoned, turned into busi­ness premises

Weekend Argus (Saturday Edition) - - FRONT PAGE -

PROP­ERTY.COZA has been in­structed to sell a three­bed­room Good­wood house which forms part of a de­ceased es­tate (Master’s ref­er­ence num­ber 6872/2009) by pub­lic auc­tion.

The auc­tion will take place on site at 9 De Wet Street, Rich­mond Es­tate, Good­wood, at noon on July 5.

Says Mark Gadd, head of Prop­erty.CoZa’s auc­tion di­vi­sion: “This prop­erty, which is on a 495m² erf, has three good-sized bed­rooms, with main en suite. There is also a fam­ily bath­room.”

The home of­fers an­other large room that could ei­ther be used as a fourth bed­room or as an in­door braai room, he says.

Lead­ing off the large kitchen are a sep­a­rate lounge and a sep­a­rate din­ing room.

A lock-up garage com­pletes the prop­erty. In ad­di­tion, the spa­cious grounds, which are se­cure be­hind a se­cu­rity fence and man­ual slid­ing gate, of­fer ad­di­tional off-street park­ing for about four ve­hi­cles.

“The prop­erty is cur­rently ten­anted on a month-to-month ba­sis and could be pur­chased ei­ther as a good in­vest­ment to gen­er­ate rental in­come or for owner oc­cu­pancy,” says Gadd.

“The houses in this area can be eas­ily re­zoned to LB1 (lo­cal busi­ness), al­low­ing them to be used as of­fices, board­ing houses, crèches, flats or premises for util­ity ser­vices com­pa­nies.”

He says there are many busi­nesses bor­der­ing the back of the prop­erty on of­fer and sev­eral own­ers in the area have con­verted their prop­er­ties into ser­vice busi­nesses.

“Be­cause of the al­lowance to re­zone, the new owner of this prop­erty could build to a roof height of up to 12m.

“Were such a ren­o­va­tion to be car­ried out, the prop­erty could serve as ideal work-from-home premises and could po­ten­tially be sought af­ter by smaller firms of at­tor­neys and ac­coun­tants.”

The buyer will be re­quired to pay a 5% de­posit and the auc­tion­eer’s com­mis­sion of 10% plus VAT on the fall of the ham­mer.

Fica doc­u­ments – a copy of an iden­tity doc­u­ment and proof of ad­dress in the form of a util­ity bill not older than three months – must be pro­duced on reg­is­tra­tion and be­fore the auc­tion com­mences.

For more de­tails or a copy of the terms and con­di­tions with of­fer to pur­chase, email Mark Gadd at mark.gadd@ prop­er­ty­coza.co.za or call 081 770 5017.

This Good­wood home is in an area where res­i­den­tial prop­er­ties can be re­zoned, al­low­ing them to be used as of­fices, board­ing houses, crèches, flats or premises for util­ity ser­vices com­pa­nies.

The prop­erty on of­fer has three bed­rooms, such as this one, with the main en suite.

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