Web Ref No RL50569

Sole & Exclusive Mandate: This is a one-of-a-kind opportunity to acquire a portfolio of three strategically linked properties in Langebaan, offering a mix of current rental income and future development potential. Situated in the sought-after Villa Diamante area, the portfolio includes:

1. Groot Diamant – 11-Unit Apartment Block

- A well-maintained and modernised block, renovated in 2016.
- 11 Units Total: 3 bachelor apartments + 8 one-bedroom, one-bathroom units – all with full kitchenettes.
- Two Levels: 7 units on the ground floor, 4 on the first floor with partial ocean views.

Features:

- Laminate flooring throughout.
- Private prepaid electricity meters in each unit.
- Fibre internet connection.
- Four geysers servicing the block.
- Inverter and solar system supporting selected units.
- Gated, fully fenced, and secure with parking for 15+ cars.

Land Size: 1,556 m² | Building Size: 509 m²
Zoning: Business 1 with Special Consent for Flats.
Rental Income: All units are currently leased, to be taken over by the purchaser, providing steady income.

2. Vacant Residential Plot – Erf 8817 (14 Saffier Street)

- Erf Size: 176 m²
- Zoning: Single Residential

Potential Uses:

Can serve as an access solution to the adjoining development site (via a notarial tie), or
Be kept as a standalone plot for a new home build.
Holding Costs: Member of Villa Diamante HOA with levies of approx. R250/month and a building penalty of approx. R1,000/month.

Context: Consolidation with the apartment block erf (8734) has been approved but not yet registered. Currently enclosed within Groot Diamant’s fencing.

3. Development Land – Erf 11398

Land Size: 6,700 m²
Zoning: Residential 2 (approved)

Development Options:

A previous plan for 32 units was submitted but not approved, leaving flexibility for the purchaser to tailor a new concept aligned with market demand.
Suitable for medium-density residential development such as apartments or townhouses.

Access:

No direct access from Oostewal Road.
Access to be secured through Groot Diamant (Erf 8734) or via Erf 8817 (14 Saffier Street).
Development Levy: Acknowledgment of Debt already signed; approx. R1.221m (excl. VAT) payable by purchaser. (Included in Total Sale Amount)

Why This Portfolio Works

- Immediate Returns: Rental income from Groot Diamant supports holding costs and provides ongoing cashflow.
- Future Growth: The Residential 2 site is development-ready, giving the purchaser freedom to design a scheme that matches current demand.
- Strategic Access: Including Erf 8817 ensures access rights and flexibility for site planning.
- Established Location: The Villa Diamante area is a well-known residential hub with strong demand for both sectional title and rental stock.

For the full information pack, zoning documents, and to arrange a viewing, contact us!