808m² Workshop For Sale in Khomasdal

Khomasdal, Windhoek, Namibia

24 square met

Property Details

Property Type : Workshop

Price : N$ 6,600,000

Town : Windhoek

Property Size : 24 square met

Suburb : Khomasdal

Property Status : For Sale

Property Description

FOR SALE – PRIME DEVELOPMENT OPPORTUNITY IN KHOMASDAL, WINDHOEK This offering comprises three adjoining erven, each measuring 800 m², giving a combined land size of 2,400 m². The properties are located in Renonkel Street, Khomasdal, within the municipal boundaries of the City of Windhoek. The site is ideally suited for redevelopment into apartments, mixed-use commercial, or a combined office + residential scheme, supported by the municipal zoning of “Restricted Business”. ________________________________________ MUNICIPAL INFORMATION • Zoning: Restricted Business • Coverage: 75% • Floor Area Ratio (FAR): 1 • Density: N/A • Height Restriction: N/A • Permissible Use: Restricted Business / Mixed-use (apartments, offices, commercial) ________________________________________ CURRENT IMPROVEMENTS The three erven are currently improved with mixed-use structures: • Main Building (Erf 1): Large structure with storerooms, ablutions, kitchen, and workers’ rooms. • Secondary Improvements (Erf 2): Two office buildings with ±7 offices, kitchen, and ablutions, supported by storerooms and a carport. • Additional Features: Carports, air-conditioning, alarm system, paving, and boundary walls. Construction Details • Walls: Cement brick • Roof: IBR sheeting • Ceilings: Celotex & suspended • Windows: Steel frame • Floors: Granite & ceramic tiling Overall, the improvements are in average condition and will require renovation if retained. ________________________________________ VALUATION SUMMARY Nett Replacement Value: N$ 6,200,000 Market Value (Median): N$ 6,600,000 Municipal Valuation (2015): N$ 3,875,000 ________________________________________ INVESTMENT & DEVELOPMENT POTENTIAL This property offers significant redevelopment potential due to: ✅ Large combined land size of 2,400 m² ✅ Zoning flexibility – ideal for apartments, offices, or commercial use ✅ Strong rental demand in Khomasdal for mixed-use projects ✅ Existing improvements provide holding income while redevelopment is planned ________________________________________ 📞 Contact: Joubert Balt on 081 127 2322 for more info. Proof of funds is required. ________________________________________

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Listed By

Just Property

Property Agent

Joubert Balt

081 127 2322

joubertb@just.property

808m² Workshop For Sale in Khomasdal

N$ 6,600,000

Property Details

Property Description

Property Features

Gallery

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Listed By

Property Agent

Joubert Balt

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