Auction Date: 4th February 2025 at 11:00 AM
Venue: Onsite at 2 York Street, Caledon
This versatile mixed-use property offers an exceptional investment opportunity in the heart of Caledon, featuring a combination of industrial and residential spaces on a highly visible corner location at York Street and Plein Street. The property is zoned as Business Zone 2 under the TWK Zoning Scheme, providing a wide range of potential uses, including office space, retail, service trade, and residential flats. Whether you're an investor or owner-occupier, this property offers unmatched flexibility, steady rental income, and long-term growth potential.
Industrial Warehouse (216m2):
- 3 x 3m Roller Shutters: The warehouse is equipped with three large roller shutters, providing easy access for deliveries and operations.
- 216m2 Warehouse Space: A spacious, north-facing open-plan industrial space with a 4.7m ceiling height, ideal for commercial, industrial, or retail uses.
- Former Restaurant Setup: Previously used as a restaurant, the space is configured with two bathrooms and ample room for a large kitchen or dining area—suitable for a restaurant, café, or service trade.
- Off-Street Parking: Convenient parking spaces available directly in front of the warehouse, providing easy access for employees, clients, or deliveries.
- Development Potential: The large warehouse area offers excellent potential for conversion or expansion, ideal for a variety of uses, including light industry, offices, or retail (subject to Council approval).
Residential Townhouses (250m2 total):
- Two 2-Bedroom Townhouses: Each townhouse features a comfortable living area, kitchen, and bathroom, offering ideal accommodation for tenants or potential owner-occupiers.
- Private Braai Area: A spacious, enclosed braai area at the back of the property provides a great space for outdoor entertaining and relaxation.
- Garage: One large garage, with additional off-street parking spaces available for residents and guests.
- Well-Maintained: Both townhouses are in good condition, providing immediate rental income or a comfortable home for owners.
Additional Features:
- Prime Corner Location: Situated at the intersection of York Street and Plein Street, the property enjoys high visibility and easy access to major routes, local amenities, and public transport.
- Secure Fencing: Fully fenced for privacy and security, ensuring peace of mind for both residential and commercial tenants.
- Zoning Benefits: Zoned Business Zone 2 under the TWK Zoning Scheme, the property offers a wide range of permissible uses, including:
Primary Uses: Business premises, offices, service trade, restaurant, above-ground storey flats, boarding house, public parking, and more.
Consent Uses: Light industry, licensed hotel, bottle store, funeral parlour, service station, places of assembly and instruction, entertainment venues, and more (subject to Council approval).
Investment Potential
With its blend of industrial and residential components, this mixed-use property offers a variety of investment options:
- Steady Rental Income: The current leases in place provide consistent returns, with potential for further development or additional leasing opportunities.
- Future Development: The Business Zone 2 zoning offers scope for further growth, including up to four storeys (subject to height restrictions and Council approval), presenting substantial long-term development potential.
Whether you are looking for steady rental returns, a flexible mixed-use space, or a prime investment opportunity in a growing area, this property provides everything you need. With zoning flexibility, development potential, and a strategic location, it is a must-see at auction.
