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Development Opportunity - REDUCED PRICE
updated on Oct 29, 2024
R 3 700 000

WEB REF: 707912

 
  • Price R 3 700 000
  • LocationCape Town, Grassy Park
  • Property TypeHouse
  • Erf Size1026.0000 m2
  • Rates & Taxes R 0.00
  • Monthly Levy R 0.00
Description

Accepting Offers. DESCRIPTION: This is the goldmine you've been searching for! Situated in the most convenient and central pocket of Grassy Park, this corner site can be found with the perfect zoning for your redevelopment aspirations. Currently consisting of 2 dwellings and garages, a total erf size of 1026m². Located between 4th and 5th Avenue within walking distance of both Grassdale High School and Lotus River Primary. Surrounded by plenty of retail shops and food outlets to choose from, as well as religious places of worship. Within proximity to transport routes for both taxis and buses for those who require access to public transport. Development Opportunity: • Approved plans available • 18 Apartments over 3 floors • Each unit will be 2 bedrooms with BIC, 1 bath (shower, toilet, basin), open plan kitchen and lounge • Ground floor units to have private yards, 2nd and 3rd floor units to have Juliette balconies • Provisions for security office with ablution, storeroom, refuse room, and solar panels on roof • 20 Parking bays • Proposed floor area ±875m² • Bulk: 947m² • Avg.unit sqm: 40-47m², private yards 16m² each Current Property Features: • 102m² Current building extent • Free-standing house • 4 Bedrooms • 2 Bathrooms • 4 Car parking space • Garage - currently used as 2 flatlets • Nutec structure • Massive enclosed yard • Panoramic mountain Views Contact Sachin for more info or OTP. DETAILS: • Erf no: 3583 • Erf size: 1026m² 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.

Additional Features
      Property Address

      Grassy Park, Cape Town, Western Cape

      Contact Agent(s)

      eMail Agent(s)