10 Bedroom House for Sale in Wynberg

Description

Deceased Estate: Fatima Ismail (Master Ref No. 020635/2019) ONLINE AUCTION Bidding Start Time: Wednesday 25 June 2025 @ 09:00 Bidding End Time: Thursday 26 June 2025 @ 14:30 Registration is essential by Monday 23 June 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Pre-Auction Offers Welcomed. This is the goldmine you've been searching for! Situated in the most convenient and central pocket of Wynberg, this high exposure site can be found with the ideal potential for you to redevelop or invest in. Currently consisting of 3 dwellings, double garage, and a combined erf size of 1102m², the opportunities are endless. Located on Ottery Road, within walking distance of primary and secondary schools as well as major transport routes and hubs with high exposure and footfall. This site has dual access from the main road as well as a private cul-de-sac, perfectly catered for investment or redevelopment focusing on workshops, residential and/or office. Due to demand in the area, high rental returns can be achieved through conversion into student accommodation/house sharing or multi-let units. Commercially, potential use case could be for mechanics/car showroom, storage, professional suites (i.e attorneys, medical practitioners, school/creche, etc). As part of a deceased estate, the entire property holds Single Residential 1 zoning and has been used for primary residence for years. Main house has 4 bedrooms with 2 bathrooms, kitchen & scullery, dining room, lounge and sun-room. 2 x Outbuildings used as rental flatlets with 4 and 2 rooms respectively, in addition to kitchenettes and outside bathroom. Ample parking secured in yard space onsite. As such, it requires the perfect renovators touch from a large family looking to expand or upgrade their home. Please note that no vacant occupation is guaranteed at this stage. For the developers out there, clear out this massive plot and undergo subdivision for redevelopment into townhouses or semi-detaches. Note: Heritage may apply to main dwelling. Alternatively, utilize the precedent set in the area and apply for rezoning to General Business or General Residential, then build your ideal block of flats or secured complex. In-house development & funding services are available. VIEWING: Not Available at moment Contact Sachin DETAILS: • Erf no: 69592, Cape Town • Erf size: 1101m² • Zoning : Single Residential 1 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.