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The Opportunity Of A Lifetime: Endless Possibilities Await!

R 11,675,000

Can I afford this?
1 month ago92 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):482
Parking:Garage
Description
Introducing a property that’s more than just a home, it’s an investment in your future. This rare gem offers two spacious apartments on a 482sqm erf with an opportunity to add an additional floor, transforming it into a 3-storey apartment block, a boutique hotel, or a guesthouse. The possibilities are truly endless!

Apartment 1 (Ground Floor | 186sqm)
- 3 Spacious Bedrooms:
- Master Bedroom: Featuring Oregon pine flooring, an en-suite bathroom, and space for a walk-in closet, cozy lounge, or study. West-facing with gorgeous natural light.
- Bedroom 2: West-facing with built-in cupboards.
- Bedroom 3: East-facing and impressively large.

Living & Entertaining:
- Open-plan dining area flows seamlessly into the lounge, complete with a cozy fireplace.
- A bar area opens out to the garden—perfect for entertaining!

Kitchen Perks:
- Granite countertops, a gas stove, electric oven, pantry/scullery, and plumbing for one appliance.
- Plenty of storage and space for a 3/4 fridge.

Outdoor Delights:
- A fibreglass splash pool and garden create a relaxing retreat.

Extras:
- 2 secure parking spaces.
- 2 geysers: one dedicated to the kitchen and master en-suite, the other for the rest of the home.

Apartment 2 (Upstairs: 202 sqm)
- 3 Well-Sized Bedrooms:
- Master Bedroom: Built-in cupboards, a sunroom/walk-in closet, and an en-suite bathroom.
- Bedroom 2: East-facing with lovely morning light.
- Bedroom 3: West-facing, perfectly positioned for sunsets.

Living & Entertaining:
- Lounge with a fireplace and an enclosed balcony/sunroom overlooking the vlei and capturing stunning sunrises over the mountains.
- A spacious dining room with a butler’s window connecting to the kitchen.

Kitchen Perks:
- Gas stove, ample storage, and a small pantry. Plumbing for one appliance.

Outdoor Features:
- A deck with breathtaking views of Muizenberg Mountain.
- Courtyard with a pool, pizza oven, and a versatile double garage/storeroom.

Why This Property Stands Out:
- Incredible views of the vlei, mountains, and sunrises.
- Oregon pine flooring throughout both apartments, adding timeless charm.
- Endless potential to create your dream large family home, boutique hotel, luxury apartments, or guesthouse.

Properties like this don’t come around often. Whether you’re an investor with big dreams or a family seeking dual living with an income-generating opportunity, this is your chance.

Interested? Let's chat

# Parking: 2
Rates And Taxes: 3600
Has Pool
Has Garden
Property Reference #: 2356575

Agent Details:
Kev Morland
Property Vine Cape Town
Venture Workspace
11 Imam Haron Road
Claremont 7708

Id Subtitle 1312361430
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Estimated monthly repaymentR 126,523
Total property loan amountR 11,675,000
Total interestR 18,690,472
Total repaymentR 30,365,472
Interest rate at 11.75% for 20 years *
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Property Vine Cape Town
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