Commercial - Land on Auction in Oakdene

Description

ONLINE AUCTION Bidding Start Time: Wednesday 27 May 2026 @ 09:00 Bidding End Time: Thursday 28 May 2026 @ 14:30 Registration is essential by Monday 25 May 2026. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Approved Student Accommodation Development Opportunity Positioned in the high-demand suburb of Oakdene, Kuils River, this shovel-ready development site offers a rare opportunity to secure a fully approved student accommodation project with strong income potential. This property comes with approved site development plans (SDP), zoning, and building plans already in place, saving you significant time and cost Key Features: • Approved for 8 units • Additional provision to build another dwelling in the future • Opportunity to increase bulk by adding 1–2 extra floors (subject to final approvals) • Zoning: General Residential 2 • Extent: 1,039m² • Development contributions already paid Prime Location for Student Housing: • Approximately 10 km from the University of the Western Cape • Approximately 10 km from Cape Peninsula University of Technology • Easy access to transport routes, retail, and amenities Investment Highlights: • Designed for the growing student accommodation market • Strong potential for high rental yields • Opportunity to expand and increase long-term capital growth DETAILS: • Erf no: 6286, Kuils River • Erf size: 1139m² • Zoning: General Residential 2 PAYMENT TERMS: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. REGISTRATION REQUIREMENTS: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.