3 Bedroom House for Sale in University Estate

Description

Accepting Offers. THE PROPERTY CONSISTS OF: Prime Corner Development Site. Top of University Estate, unrivalled Table Mountain & city skyline views. Held within the same family since 1965, this iconic corner property represents a truly rare, highly coveted piece of Cape Town real estate. Positioned elevated at the very top of University Estate, you’ll enjoy sweeping panoramic views over the city skyline, harbour, and ocean, framed magnificently by Table Mountain directly behind you. Whether you are looking to modernise a magnificent family trophy home or leverage its massive footprint for high-yield redevelopment, opportunities of this calibre simply do not come around twice. PROPERTY HIGHLIGHTS AT A GLANCE: • Unmatched Scale: Expansive ±1,237 m² corner plot featuring an Italian-inspired, free-standing villa with soaring high ceilings and classic parquet flooring. • Spacious Accommodation: 3 Grand bedrooms (including a master suite with private full bathroom & bidet) plus dual-living design capability via a split entrance passage. • Entertainer’s Dream: Sizeable lounge with built-in fireplace, dedicated dining room opening onto a broad balcony with sensational views, plus an undercover patio, pool, and private braai courtyard. • Lush & Private Grounds: Secure wrap-around yard with established fruit, vegetable, and flower gardens (featuring avocados, pomegranates, lavender, and lilies). • Ample Secure Parking: Automated tandem garage (±30 m²) plus a separate secure driveway accommodating up to 4 additional vehicles. • Income Potential: Garage currently includes a workshop/home office setup. • Top-Tier Security & Utilities: Perimeter walls, electric fencing, alarm system, intercom, burglar bars, Jojo water tanks, pre-paid electricity, and DStv-ready connection. UNLIMITED INVESTOR & DEVELOPMENT POTENTIAL: Situated right on the doorstep of the Cape Town CBD, UCT, CPUT, and Groote Schuur Hospital, this property is strategically located for premium returns. KEY REDEVELOPMENT PATHWAYS: • Luxury Family Estate: Refine and modernise the existing Italian-inspired villa into a trophy residence with unmatched grounds. • High-Yield Student / Staff Accommodation: Convert the massive erf and layout into multi-unit housing catering to surrounding medical and academic hubs. • Boutique Short-Term Rental: Capitalize on tourist demand with spectacular views and seamless access to central Cape Town attractions. DETAILS: • Erf no: 14563, Cape Town • Erf size: 1237m² • Zoning: Single Residential 1 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 Brokers. Buyers must conduct their own investigations prior to purchasing.