PRIME BEACHFRONT DEVELOPMENT OPPORTUNITY WITH UNINTERRUPTED OCEAN AND MOUNTIAN VIEWS
Calling all developers! Location, Location, Location!
This exceptional 1,004m² property presents a rare opportunity to acquire a prime development site positioned literally across the road from the beach.
Boasting phenomenal, uninterrupted views stretching from Robben Island across the Atlantic Ocean towards Table Mountain.
The property is currently zoned GR2 allowing for 4 floors, with all the title deed restrictions already removed, with the potential for a purchaser to apply for an upgrade to GR4/5, subject to the necessary approvals. Under GR4 zoning, development of up to eight storeys may be permitted, creating exciting possibilities for a landmark development in this highly desirable coastal location.
The property currently comprises a double-storey main residence with three bedrooms, as well as two separate granny flats consisting of a one-bedroom unit and a two-bedroom unit. There are also five garages, six additional parking bays and a swimming pool.
Opportunities of this nature, offering substantial land size, direct beach proximity and spectacular uninterrupted sea and mountain views, are increasingly rare. Whether held as an investment or developed into an exceptional coastal project, this is a property with remarkable potential.
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Based on 89 live for-sale listings in this suburb.
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Rank it by price, price per m² and size against 89 listings in Table View.