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Exclusive Development for Sale in Hout Bay: The Krantz
R 50,000,000
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General Details
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For Sale By:Agency
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Description
"The Krantz" is uniquely situated in a "trophy" location, a proposed high-end development ready for a buyer to refine further. Located above the esteemed Scott Estate in Hout Bay, the property is renowned for its breath-taking combinations of panoramic mountain landscapes, stunning bay views and north-facing, sunny aspects. This exclusive setting offers tranquil and elite living experiences.
Spanning 5.3 Acres, the estate has approval by The City of Cape Town for six residential units, each epitomising spacious and opulent living. In addition, about 10,000 m² of open land is included as a communal area with possibilities for future development while offering ample open space for residents to enjoy.
The proposed development is geared towards delivering a premium living experience.
Distinct Features of the Development:
- Substantial private plot sizes of at least 1100 sqm or more, and about 2.5 Acres of private open space, right on the border of Table Mountain Nature Reserve with no building permitted above this level, underscore a commitment to privacy and exclusivity.
- The agricultural zoning opens possibilities for integrating sustainable living aspects, like organic gardens or eco-friendly initiatives.
An accompanying video provides detailed visual insights into the development's layout, design, and environs, essential for potential buyers or investors.
Additional Aspects to Consider:
Sustainability: Leveraging the site's position and agricultural zoning for sustainable development could attract eco-conscious purchasers.
This development stands out as a singular and highly desirable option for those seeking luxury, ample space, and a natural connection within the picturesque and coveted location set above, and looking over "Millionaires Mile” in the prestigious Scott Estate area of Hout Bay.
Contact Shaun for further details and considerations.
Property Reference #: 5669
Agent Details:
Shaun Kramer
Lola Kramer Properties
55 Victoria Avenue, Hout Bay, Cape Town, 7806
Spanning 5.3 Acres, the estate has approval by The City of Cape Town for six residential units, each epitomising spacious and opulent living. In addition, about 10,000 m² of open land is included as a communal area with possibilities for future development while offering ample open space for residents to enjoy.
The proposed development is geared towards delivering a premium living experience.
Distinct Features of the Development:
- Substantial private plot sizes of at least 1100 sqm or more, and about 2.5 Acres of private open space, right on the border of Table Mountain Nature Reserve with no building permitted above this level, underscore a commitment to privacy and exclusivity.
- The agricultural zoning opens possibilities for integrating sustainable living aspects, like organic gardens or eco-friendly initiatives.
An accompanying video provides detailed visual insights into the development's layout, design, and environs, essential for potential buyers or investors.
Additional Aspects to Consider:
Sustainability: Leveraging the site's position and agricultural zoning for sustainable development could attract eco-conscious purchasers.
This development stands out as a singular and highly desirable option for those seeking luxury, ample space, and a natural connection within the picturesque and coveted location set above, and looking over "Millionaires Mile” in the prestigious Scott Estate area of Hout Bay.
Contact Shaun for further details and considerations.
Property Reference #: 5669
Agent Details:
Shaun Kramer
Lola Kramer Properties
55 Victoria Avenue, Hout Bay, Cape Town, 7806
Id Subtitle 1251940849
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Estimated monthly repaymentR 541,854
Total property loan amountR 50,000,000
Total interestR 80,044,848
Total repaymentR 130,044,848
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Lola Kramer Properties
Selling for 1 year
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