Rare Commercial and Development Opportunity on Waterfront Drive

Two adjoining commercial properties | 1,796 m² | Business 1 zoning | Fully tenanted Secure a prominent commercial position on Waterfront Drive, with existing rental income and the opportunity to develop a substantial site in central Knysna. Offered together, these two adjoining properties comprise 1,796 m² of land in a well-established business precinct. Positioned opposite the new Food Lover’s Market development and surrounded by national retailers and motor dealerships, the site enjoys excellent visibility and high volumes of passing traffic. Frontage onto Waterfront Drive, together with additional access from Green Street and Cove Street, adds to its appeal. Rental Income from the Outset Both properties are currently tenanted, with estimated combined rental income of R50,000 per month. The seller is also open to a six-month leaseback arrangement, subject to agreement. For investors and developers, this provides holding income while future plans and the necessary approvals are pursued. Key Features - Two adjoining Business 1 zoned properties offered as a combined purchase - Total erf size of 1,796 m² - Existing improvements of approximately 491 m² - Stated zoning allowance of 100% coverage - Potential for development of up to three storeys within a stated height limit of 12 m - A possible increase to 13 m, subject to municipal approval - Waterfront Drive frontage and access from Green Street and Cove Street - Fully tenanted premises in a prominent commercial location Existing Improvements Property 1 — 992 m² | Waterfront Drive Currently occupied by a motor dealership and a second-hand vehicle business, this property includes office structures and a paved vehicle display area. Property 1 is also available separately at R8,500,000 Property 2 — 804 m² | Green Street This property includes a two-bedroom house currently leased to two businesses. The house is reported to have no heritage significance; any demolition or structural alterations would remain subject to the applicable requirements and approvals. Scope for Future Development The combined site offers scope to explore retail showrooms, offices, motor-industry premises or a broader commercial development. A mixed-use scheme incorporating ground-floor retail and apartments above could also be considered, subject to confirmation of permitted uses and the necessary approvals. The combination of a substantial landholding, multiple access points and existing rental income makes this an appealing opportunity for buyers seeking both immediate income and longer-term development potential. Contact me to arrange a private viewing or request further information. *All information is supplied in good faith and is subject to verification. Rental income, lease terms, measurements, zoning provisions, development rights and heritage status should be independently confirmed. Any proposed development remains subject to the necessary approvals. The properties are subject to prior sale, price changes or withdrawal.*