R8,750,000

R8,750,000

2Ha Farm For Sale in Kraaifontein Industria
00 Farm

Stellenbosch Rural: 2,2 HA, 2 title deeds

Web Ref. CSTB-2317
Land size 2.00 Ha
Floor size 1700.00 m²
Monthly Bond Repayment
R80,039.68
Developing a shopping center on a smallholding is a great opportunity to create a convenient and accessible shopping destination for the residents of the nearby informal settlement. Current buildings 1 700 sqm. It can also be a lucrative investment, as there is likely to be high demand for rental space from businesses that want to serve this growing market.

Here are some steps to consider when developing a shopping center on a
smallholding:

1. Get the necessary permits and approvals. This will involve working with the local municipality to ensure that your development complies with all relevant zoning and building regulations.

2. Conduct a feasibility study. This will help you to assess the demand for a shopping center in the area, as well as the potential costs and benefits of your development.

3. Develop a business plan. This should include your target market, your marketing strategy, and your financial projections.

4. Secure financing. This may involve obtaining a loan from a bank or other financial institution, or raising capital from investors.

5. Construct and fit out the shopping center. This will involve working with a team of architects, engineers, and builders to create a safe, functional, and attractive space for your tenants and customers.

6. Lease the space to tenants. Once the shopping center is complete, you will need to market it to potential tenants. You may want to consider offering incentives to early tenants, such as reduced rent or free months of occupancy.

In your specific case, you have the advantage of having a house on the property that can be converted into offices. This could be a valuable asset, as there is likely to be a high demand for office space from businesses that serve the local community.

Here are some additional tips for developing a successful shopping center on a
smallholding:
Focus on convenience. Make sure that your shopping center is easy to get to and from, with plenty of parking available. You may also want to consider providing amenities such as public transportation, childcare, and ATMs.

Offer a mix of tenants. Aim to attract a variety of tenants, including anchor tenants, such as supermarkets and pharmacies, as well as smaller specialty shops. This will create a one-stop shop for your customers, making it more likely that they will visit your shopping center regularly.

Market your shopping center effectively. Let the local community know about your new shopping center through advertising, promotions, and events. You may also want to partner with local businesses to offer discounts and other benefits to your customers.

Developing a shopping center on a smallholding can be a challenging but rewarding experience. By following the tips above, you can increase your chances of success and create a thriving shopping destination for the local community.

Features

Zoning
Agricultural
Sizes
Land Size 2 Ha
Floor Size 1,700 m²
Listing Info
Date Listed 24-10-23
Time Listed 14:20
Albie Stoeder
Albie Stoeder Qualified Property Practitioner

Kraaifontein Industria, Kraaifontein

Kraaifontein lies to the north-east of Brackenfell and straddles the N1 towards Paarl. It was a separate municipality until being incorporated into the Cape Town Metro in the late 1990s and so consists of several suburbs, each with its own distinctive characteristics. It also lies just to the north of the country's premier wine-producing region, and close to estates such as Hazendal, Kaapzicht and Zevenwacht. This fact and development in the new suburb of Buh Rein has boosted the average home price in Kraaifontein from R435 000 in 2013 to R1,1m currently, but there are still many neighbourhoods here that offer families an affordable route into the property market with the promise of good capital growth, says Riaan Smit, principal...
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Disclaimer

While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.