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Web Ref CL8126
N$6,600,000
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Monthly Levy
N$2,438.85
N$2,438.85
Monthly Rates
N$1,392.46
N$1,392.46
FOR SALE – PRIME DEVELOPMENT OPPORTUNITY IN KHOMASDAL, WINDHOEK
FOR SALE – PRIME DEVELOPMENT OPPORTUNITY IN KHOMASDAL, WINDHOEK
This offering comprises three adjoining erven, each measuring 800 m², giving a combined land size of 2,400 m². The properties are located in Renonkel Street, Khomasdal, within the municipal boundaries of the City of Windhoek.
The site is ideally suited for redevelopment into apartments, mixed-use commercial, or a combined office + residential scheme, supported by the municipal zoning of “Restricted Business”.
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MUNICIPAL INFORMATION
• Zoning: Restricted Business
• Coverage: 75%
• Floor Area Ratio (FAR): 1
• Density: N/A
• Height Restriction: N/A
• Permissible Use: Restricted Business / Mixed-use (apartments, offices, commercial)
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CURRENT IMPROVEMENTS
The three erven are currently improved with mixed-use structures:
• Main Building (Erf 1): Large structure with storerooms, ablutions, kitchen, and workers’ rooms.
• Secondary Improvements (Erf 2): Two office buildings with ±7 offices, kitchen, and ablutions, supported by storerooms and a carport.
• Additional Features: Carports, air-conditioning, alarm system, paving, and boundary walls.
Construction Details
• Walls: Cement brick
• Roof: IBR sheeting
• Ceilings: Celotex & suspended
• Windows: Steel frame
• Floors: Granite & ceramic tiling
Overall, the improvements are in average condition and will require renovation if retained.
________________________________________
VALUATION SUMMARY
Nett Replacement Value: N$ 6,200,000
Market Value (Median): N$ 6,600,000
Municipal Valuation (2015): N$ 3,875,000
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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.
________________________________________
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.
________________________________________
Features
Zoning
Mixed Use
Title
Freehold
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
808m²
Land Size
24m²
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STREET VIEW
Khomasdal, Windhoek
Explore Windhoek, Namibia: Your Ideal Real Estate DestinationWelcome to Windhoek, Namibia's vibrant capital city and a hub of economic and cultural activity. Nestled in the heart of Southern Africa, Windhoek offers a unique blend of modern urban living and natural beauty, making it an attractive destination for real estate investment.Location:Windhoek is strategically located in the central part of Namibia, offering...
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