South Africa, Western Cape, Plumstead, Main Road, 81

Rare Development opportunity

GR4 Zoned.

An opportunity like this presents itself very rarely and we are proud to introduce our exclusive sole mandate, inviting developers/investors to create something magical on this property.

Owned by a family for many years, this historic two storey building which is able to go up to five storeys, includes seven flats, an established garden, swimming pool, and private parking behind the block.

All the flats are owned by the current owner, under a Sectional Title Scheme. The opportunity to incorporate the existing building and create many more units with an additional three floors would be highly suited to the area, which includes many apartment buildings. It is on the main Road with great access to shops, schools, hospitals and other city amenities.

The current mix of flats are:
45 sm units x 2
71 sm units x 2
116 sm units x 2
22 sm unit x 1

Established garden with well point water.
Fully walled with Auto gate.

Contact us to discuss further and to view this exciting opportunity.