Home offers many conversion purposes

Goodwood residence can be rezoned, turned into business premises

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.