Incredible development opportunity, comprising a total of 2,354 sqm, zoned GB5, 100% coverage, height 25m with a maximum permissable bulk of 9,4176 sqm, situated in a prime location in Main Road, Observatory, close to Groote Schuur Hospital. The property comprises two erfs with structures that are currently tenanted.
The property holds a prominent position, enjoying the excellent accessibility and visibility. This area experiences a high volume of passing trade and serves as a primary arterial route connecting Observatory to the CBD adn neary regions like Rondebosch and Claremont.
If you are seeking a property to develop with strategic positioning and immense potential within the vibrant Observatory community, this property is definitely for you!
Asking price includes VAT (zero rated for a purchaser or developer that is a registered VAT vendor.
Please call me to arrange a private viewing.