Rawson Auctions will on March 25 at noon offer a “fantastic development opportunity” when it calls for bids for an accommodation block in the quaint west coast town of Koringberg in the Swartland.
The property is an old school building at 1 Impala Street on a massive 8388m² plot of land that has been converted to provide 12-room accommodation. Rawson’s regards the property as ideal as aguest house, flats or townhouse development.
The left side of the building is an old classroom which has been converted into living quarters with a bedroom, bathroom and kitchen.
The remaining space comprises five flats - now let - each with a bedroom, bathroom, living area and kitchen.
In addition to the accommodation, the property also has a separate bar and entertainment area, as well as space for a garden, pool or other development.
“The property is a heritage building, and as such, the façade must remain unaltered but the interior can be converted as the owner sees fit,” says Tanya Jovanovski, franchisee of Rawson Auctions Western Cape.
“The land is zoned ‘General Residential 3’ which is extremely versatile when it comes to land use as it can accommodate flats, a guest house, boarding house, dwelling house, group housing and town housing as primary uses.
"Consent usage available from Swartland Municipality includes a shop, lodge, institution, place of instruction, place of assembly, home occupation, a transmission tower and rooftop base station.
“This property is a great investment opportunity given its current structural makeup and zoning, and the fact that Koringberg is on the west coast of South Africa, a very popular holiday route,” says Jovanovski.
“All of this just an hour’s travel to Cape Town.”
The property will be going on auction at 222 Main Road, Rondebosch.
For more details and viewing, call Ilda Santiago on 0847627195, email tanya.auctions@rawson.co.za or call Jovanovski on 0824119599 or 0799803457.