Significant Development Opportunity in Vredehoek!
Stunning location with all the right zoning!
Situated in the heart of Vredehoek with stunning mountain views, a stone’s throw from the Gardens Centre, De Waal Park, the MyCiti Bus and just a short distance from the CBD.
The 701m2 property has road access on both sides with a westward view of the Table Mountain and Signal Hill; and an eastwards outlook down towards Cape Town Harbour.
The current building extent is estimated at approximately 640m2 (including both the upstairs and downstairs area).
The property is not located within a heritage overlay zone, however it is adjacent to one. The surrounding street-scape portrays the historic character of the area.
With this stunning prime location and the current zoning of GR4 means a developer could build apartments with far reaching views and luxury accommodation. The re-sale on these apartments would be in the region of R50,000/sqm.
Currently the property is laid out as 4 apartments totalling 9 bedrooms, 5 bathrooms, 5 receptions rooms, 4 kitchens, 1 study, 1 garage and 7 secure parking bays.
ERF: 701 m2
Building Extent: approx 640 m2
Title Type: Freehold
Zoning: GR4 (Block of Flats)