NEW
Web Ref RL7179
R27,000,000
Monthly Bond Repayment R269,562.56
Calculated over 20 years at 10.5% with no deposit.
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Monthly Rates
R4,760
R4,760
PRIME BEACHFRONT DEVELOPMENT OPPORTUNITY WITH UNINTERRUPTED OCEAN AND MOUNTIAN VIEWS
Calling all developers! Location, Location, Location!
This exceptional 1,004m² property presents a rare opportunity to acquire a prime development site positioned literally across the road from the beach.
Boasting phenomenal, uninterrupted views stretching from Robben Island across the Atlantic Ocean towards Table Mountain.
The property is currently zoned GR2 allowing for 4 floors, with all the title deed restrictions already removed, with the potential for a purchaser to apply for an upgrade to GR4/5, subject to the necessary approvals. Under GR4 zoning, development of up to eight storeys may be permitted, creating exciting possibilities for a landmark development in this highly desirable coastal location.
The property currently comprises a double-storey main residence with three bedrooms, as well as two separate granny flats consisting of a one-bedroom unit and a two-bedroom unit. There are also five garages, six additional parking bays and a swimming pool.
Opportunities of this nature, offering substantial land size, direct beach proximity and spectacular uninterrupted sea and mountain views, are increasingly rare. Whether held as an investment or developed into an exceptional coastal project, this is a property with remarkable potential.
This exceptional 1,004m² property presents a rare opportunity to acquire a prime development site positioned literally across the road from the beach.
Boasting phenomenal, uninterrupted views stretching from Robben Island across the Atlantic Ocean towards Table Mountain.
The property is currently zoned GR2 allowing for 4 floors, with all the title deed restrictions already removed, with the potential for a purchaser to apply for an upgrade to GR4/5, subject to the necessary approvals. Under GR4 zoning, development of up to eight storeys may be permitted, creating exciting possibilities for a landmark development in this highly desirable coastal location.
The property currently comprises a double-storey main residence with three bedrooms, as well as two separate granny flats consisting of a one-bedroom unit and a two-bedroom unit. There are also five garages, six additional parking bays and a swimming pool.
Opportunities of this nature, offering substantial land size, direct beach proximity and spectacular uninterrupted sea and mountain views, are increasingly rare. Whether held as an investment or developed into an exceptional coastal project, this is a property with remarkable potential.
Features
Pets Allowed
Yes
Interior
Bedrooms
6
Bathrooms
6
Kitchen
3
Reception Rooms
4
Study
1
Furnished
No
Exterior
Garages
5
Security
No
Parkings
6
Flatlet
2
Pool
Yes
Scenery/Views
Yes
Sizes
Floor Size
400m²
Land Size
1,004m²
Jenni Mulligan
Property Practitioner Registered with PPRA(FFC 0507095) Show number View my listings WhatsApp
Richard Mulligan
Principal Property Practitioner Registered with PPRA(FFC 0553140) Show number View my listings WhatsApp