Station Quarter Residences — Development Opportunity

Exclusive Mandate - Rare Boutique Development Site — R3 Million
Location

An exceptional erf of ±925 m² situated alongside the historic railway station precinct. The existing heritage station building ensures timeless character and foot traffic appeal, while the available development area offers a prime 25 m × 20 m footprint with unique views of the island and the ocean beyond.

Development Potential

Gross buildable area: ±1000 m² (UP to 3 levels must allow 30% of gross lettable area for parking space)

Suggested configuration:

Ground floor (±500 m² building): boutique retail, gallery, café, or destination restaurant space, 4m height, parking space for 20+ vehicles and on-ramp(400m² parking area)

First floor (±300 m²): Offices/luxury apartments 3m height with balconies and panoramic views and parking for around +/- 10 vehicles (200m²)

Rooftop terrace: entertainment or shared leisure area, under verandah, building has a total height restriction of 12m.

Why This Site

Unmatched setting: historical backdrop + island views, ease of access to major motorways

High yield potential: residential sales or holiday rentals

Scarcity factor: one of very few sites combining historic character with modern development flexibility

Scale: boutique-sized project ideal for niche developers

Financial Snapshot (illustrative)

Build cost: ±R15,000/m² → ±R12m

Sale value: ±R30,000/m² → ±R24m

Margin potential: 37.5%

Key Features

25 × 20 m footprint (±300 m² per upper level)

Up to 3 buildable levels + rooftop

Luxury apartments overlooking the island

Heritage character ensures long-term value, sought after location

Call to arrange for an opportunity to view