Posted on March 12, 2021
Price : R 27 500 000
Listing Type : Land
Location : Simonstown
Size : 5 436 m2
Ref no. : 2716

An opportunity exists to purchase and develop a 5436m2 plot with approved GR2 zoning and Heritage Western Cape permission to submit the NID.

Plans have been drawn up by an architect/builder to create a Georgian façade which would be in character with the general Simonstown architecture. The plans (for 78 units) allow for 14 1-beds at an average of 48,7m2 plus 64 2-beds at an average of 72,6m2 (excluding balconies). The units would be totally saleable at R1 700 000 (1-bed units) and R2 450 000 (2-bed units). There is also a 99 units alternate configuration. All plans will be available to prospective purchasers once a valid OTP is received.

GR2 Zoning
* Yaseen Omar