Prime 18 Unit Development Opportunity

Bidding opens at R9,000,000

ONLINE AUCTION

Bidding Start Time: Wednesday 24 April 2024 @ 09:00

Bidding End Time: Thursday 25 April 2024 @ 14:30

Registration is essential by Monday 22 April 2024.

Pre-Auction Offers may be considered. Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

LOCATION! LOCATION! LOCATION!

Found in one of the most desirable pockets of Claremont Upper, this unique property has been rezoned perfectly to cater for developers. Currently consisting of residential dwelling with swimming pool and garage, a total erf size of 816m².

Directly behind the Claremont Gardens and within walking distance of Claremont Library, Kingsbury Hospital, Primary & Secondary schools as well as Tertiary education. Estimated 5 mins drive from Cavendish Square and Stadium on Main. Surrounded by plenty of retail shops and food outlets to choose from, as well as religious places of worship. Within proximity to transport routes for both taxis and buses for those who require access to public transport.

Development Opportunity:

• Proposed plans available
• 18 Apartments over 3 floors
• Unit A: 1 Bedroom with BIC’s, 1 bathroom (shower, toilet, basin), open plan kitchen and lounge
• Unit B: 2 Bedrooms with BIC’s, 2 bathrooms (shower, toilet, basin), open plan kitchen and lounge
• Units will have balconies and patios
• Provisions for elevator and staircase
• 22 Parking bays
• Proposed floor area:  332,3m²
• Bulk: 1,023m²
• Average unit m²:  37,8m² - 72,8m², Private patios:  9,9m² each

Current Property Features:

• 310m² Current building extent
• Free-standing house
• Double garage with secured driveway and parking for up to 5 vehicles at least
• Spectacular mountain views
• Security extras include electric fencing, beams, CCTV, automated access control

Top Level:

• 5 Bedrooms all upstairs with built-in cupboards and mountain views
• Main bed has dressing room, full en-suite (spa-bath, shower, his & hers basins, and toilet); while secondary bedroom has massive private patio
• Full family bathroom - bath, shower, toilet, basin

Ground Level:

• Dual living space - 2 rooms that can be used as a home office, prayer room, or recreational area
• Separate bathroom - shower, toilet, basin
• 2 Living rooms (formal and informal)
• Study
• Open-plan dining room
• Kitchen with laundry area
• Built-in braai addition

Pre-Auction offers welcome.

DETAILS:

• Erf no:  145303, Cape Town
• Erf size:  816m²
• Rates:  ±R3,128.79 per month
• Zoning:  Single Residential 1

Web Ref:  708690

VAT Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Sachin Boyjoonauth | 068 259 2425 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]