Excellent opportunity for redevelopment on a spacious ERF with significant potential.
Conveniently situated in a central location, just minutes away from Cape Town, the Airport, North, and Southern Suburbs.
Desirable corner plot spanning nearly 1025sqm with access from two roads.
The area has already seen successful GR2 and GR4-approved developments, paving the way for potential construction of 25 - 30 apartments @ R1 500 000 (2beds +/- 60sqm).
Enjoy low crime rates and promising prospects in this location.
Additionally, the holding costs can be mitigated by the house on the plot, generating rental income of R12 - R15 000 per month.
3 Bedrooms and 2 bathrooms. Large garden, pool and braai area. Parking for 6-10 cars
Contact to schedule a viewing of this property.
Joe Przygonski is a representative of Real Estate Power CC, T/A RE/MAX PREMIER, an Independently Owned and Operated franchise of RE/MAX SA.
