This ideal opportunity exists for a development that would suit the avid investor. Situated in prime location in Ocean View in the Bluff it has single dwelling on it that can be demolished or revamped.
The property boasts 1141 sqm of level land and is completely fenced and gated. It has plans approved for 12 units which has already been submitted to the municipality.
The demolition certificate is in place with Amafa approval. The plans are approved with each unit comprising of 72 sqm each. These units can fetch an excellent price from the new buyer. The entire company entity is for sale which only has this property as part of its portfolio.
Each unit has 1.5 parking bays allocated to them. The complex has a gym and laundry room as part of the allocated plans.
These plans can easily be changed or modified to the new developer criteria. The finishes are dependent on each buyers requirements and development can start immediately.
If you are looking to grab a fabulous buy and start this project then call Tracy Maharaj now to view.
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
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