Web Ref No CAH45753

Three-in-one!
This well-maintained property allows you to live on your investment, generate a serious income, and give you the opportunity to build your property empire on the go!
On offer is a double stand, or more specifically, 2 separate stands functioning as a single plot, zoned for high residential use which would allow you to build at least another 9 flats, (but it could also be 18 extra units), or perhaps even 23, depending on the developer's appetite for zoning re-applications. The remote-activated gates, electric fence, perimeter wall lighting and all corridor lighting are controlled 24-hours by solar installation.

Portion 1-2
Stand number 1 offers a 3-bedroom house with a generous 1-bedroom garden cottage attached thereto. Alternatively, this could be re-introduced to be a 4-bedroom, 3-bathroom home with warm wooden tones throughout, tiled edge to edge. A separate space also attached to the main house and skillfully separated, could very easily at no cost generate income as a 2nd bachelor or granny flat, or an office with its own bathroom. A valuable store room in-home could double as sewing room or teen's study. Plenty of parking space enhances the options available to the buyer.

Portion 3
This portion consists of 3 exclusive ground-floor and 3 first-floor flats each consisting of 2-bedrooms, open-plan kitchen and lounge, each with balcony and covered parking lot. Fully tenanted year round, this is a well sought-after location as it offers easy access to the leading pre-, primary- and high schools, including the elite St Catherine's Private School, with quick access to major road networks and shopping centers. Boasts beautiful established gardens.

Portion 4
This portion offers almost, 2000m of vacant land currently unused but zoned "Special for 16 dwellings units and/or bed and breakfast." Previously zoned for a maximum of 30 units as old age home meaning that it comes with approval for another 18 units to be built in the same style as the above-mentioned 6 units. This is where this property would be realizing the growth potential the quickest, and potential investors have an ROI outstripped by anything else in the same area for the same price.
If you consider the property, use type and land size of 3819m² only, you are still paying less per m2 for this investment than anywhere else given what is on offer.
Seller has approved SDP and full plans for 16 units (up to 30 units with rezoning). Special zoning use includes Bed and Breakfast Rights. Sanitation and electrical civils completed.