For Sale
R9,500,000
Zoned GR4 – Apartments. Well under 1km away from Cavendish Shopping Centre, right next to Herschel Girls School and 200m to Wetpups – with unobstructed panoramic views over the Southern Suburbs – this has to be one of the most exciting opportunities I have seen in the last few years, in a quiet cul-de-sac yet close to major transport routes and 1 block away from Claremont/Kingsbury hospitals – with the amazing Arderne Gardens adjacent. The Property is away from Main Road and has been rezoned to GR4 – allowing for 1020m2 of floor space. The approved development plan shows:
Site area: 816 m2
Bulk developable area approved: If the property is used as flats, the floor space shall not exceed 1020m2.
Concept design configuration submitted for rezoning application approved – 18 apartments and 22 parking bays
Height – 3 storeys with ½ basement parking
Note: Site drops 1 m each from west to east and from south to North.
Ground floor access ½ basement – staircase- lift core, 22 parking bays, waste removal area
First floor: 4 x (2 bedroom+ 2 bathrooms apartments) and 2 x (I bedroom 1 bathroom apartment)
Second floor :4 x (2 bedroom+ 2 bathrooms apartments) and 2 x (I bedroom 1 bathroom apartment)
Third floor: 4 x (2 bedroom+ 2 bathrooms apartments) and 2 x (I bedroom 1 bathroom apartment)
Roof terrace with setbacks permissible – ensure no overlooking features onto neighbours properties
Option to build fewer units with larger area is possible.
The property is currently tenanted with a short notice period in the lease. We have more detailed information on request.