Zoning: General Business
This zoning classification allows a variety of commercial activities, making the property suitable for retail, offices, or mixed-use purposes.
Location:
Positioned on the corner of two major streets, the property benefits from high visibility and traffic flow, which is crucial for any business.
Its location in the Central Business District (CBD) ensures proximity to public amenities, enhancing accessibility for both customers and employees.
Land Size: 1193 sqm
The substantial land size allows for potential expansion or redevelopment, providing flexibility for various business models.
Main Building (225 sqm)
A single-story structure that is versatile enough to accommodate multiple offices, studios, strong rooms, storage, or workshop areas.
The inclusion of a bachelor flat at the rear offers additional rental income potential or accommodation for staff.
Rear Building (295 sqm)
This double-story building features:
A three-bedroom flat
Two bachelor flats
Two storage compartments
This configuration enhances the property’s income-generating potential through rental opportunities.
Garages (48 sqm)
Three garages provide valuable parking space, which is often a premium in commercial areas, further increasing the property’s appeal.
Architectural Features
Although the property comprises older buildings, the aesthetic charm of the main building may attract businesses looking for character, provided they align with zoning regulations.
Investment Potential
Income Generation: The combination of office space and rental flats allows for diverse income streams, with potential for both short-term and long-term tenants.
Development Opportunities: Given the land size and location, there is potential for redevelopment or expansion, which could significantly increase the property’s value.
Market Demand: The demand for commercial properties in CBD areas typically remains strong, driven by businesses seeking prime locations.
Strategic Advantages
Accessibility: With street frontages on three sides, the property is easily accessible, enhancing customer foot traffic.
Visibility: The corner location ensures that the property is highly visible, a significant advantage for retail or service-oriented businesses.
Central Location: Being within walking distance of public amenities makes it appealing to both businesses and potential tenants.
Conclusion
This property represents a compelling investment opportunity in Swakopmund's thriving business environment. With its strategic location, versatile buildings, and potential for income generation, it is well-positioned for both immediate returns and long-term growth. Investors and business owners should consider the various possibilities that this property offers in one of Namibia's key commercial hubs.
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