R2,000,000.00
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R50,000.00

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Auction Ends In

Ending On: August 28, 2022 1:09 am (UTC+02:00)

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SEA POINT VACANT ERF

Auction History

User Bid Date Auto
Auction is relisted. July 29, 2022 1:09 am

Started On July 29, 2022 1:09 am (UTC+02:00)

Description

One of a very few On Offer.

You can also Make an Offer Online, by Email or by Phone.

Viewing can be arranged anytime.

A unique opportunity to acquire a “vacant” erf  (Portion A) to build your dream home in Sea Point.

You could also do a small development as it is zoned GR4.

There is a 2 bedroom semi completed house on the erf that can completed/extended or a new development can start from scratch.

You can build your own house or buy it as  Plot and  Plan.

The Images illustrate the Development Vision for this Property.

Municipal plan approvals for same will have to be obtained.

GR4 Zoning allows for 7 storeys.

However as a dwelling one garage level plus first floor, Penthouse Level and a Roof Patio Garden should make sense.

Each Floor represents about 120sqm and they are all accessed by lift and stairs.

The Garage Level has ample parking for 3 large vehicles plus a lift entrance and the street access plus stairs.

The first floor comprises two self catering Apartments, each with a large en-suite bedroom and one with open plan lounge, dining room/kitchen, all with spectacular sea views.

The Penthouse floor comprises of a very large master en-suite bedroom, en-suite self catering guest bedroom and massive open plan kitchen/dining/lounge, all with spectacular sea views.

The Roof Garden Patio with sparkling pool would most probably comfortably accommodate a party for 50 people.

In summary therefore this could either become  a four bedroom four bathroom luxury family home or the owner could live  in the Penthouse and let out the 2 self catering first floor apartments for serious recurring income.

This could be your dream home by the sea.