Accepting Offers.
THE PROPERTY CONSISTS OF:
An exceptional opportunity to acquire a substantial 1988m² prime development opportunity with steady income generation!
• Prime location with excellent visibility along Durbanville Main Road, providing prominent exposure and easy accessibility.
• Large frontage property including two dwellings - A large 670m² Cape Dutch home as well as a 140m² second dwelling which comprises approximately 14 bedrooms currently utilised as a Frail Care Home.
• Income-generating - ±R 1,752,000 per annum (±R 146,000 per month)
• Development opportunity with approved demolition permit in place
• Currently zoned General Residential 2 (GR2) with approximately ±2,000m² of available bulk or ± 40 Apartments
• Alternatively, sectionalise the current dwellings into 6 duplexes or extract more bulk with rezoning to Business zoning for commercial as well as residential opportunities.
DETAILS:
• Erf no: 4182, Durbanville
• Erf size: 1,988m²
• Zoning: General Residential 2
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.
Property Address
Durbanville Central Durbanville
