Sole Mandate

8 Bedroom block of flats for sale in Sea Point, Cape Town

R7,950,000
  1. 8
  2. 5
  3. 2
  4. Web Ref: 1081236
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Property Features

ERF Size 270 m²
Rates R3,600 per month
Building Size 342m²

Interior Features

8 Bedrooms
1 Dining Room
1 Study
Kitchen
5 Bathrooms
2 Lounges
Security

Exterior Features

2 Garages
Balcony
Views

Residential Multi Unit Building - Unique Opportunity

Great location, between Main and Beach Roads Sea Point with lovely Sea and Mountain Views
This building has multiple units providing an opportunity for rental income or for large family to live together
Zoning of GR5 lends itself to improved area capacity by adding on additional space
Excellent opportunity to revitalise this one of a kind property to realise its full potential
A savvy new owner will recognise the opportunity that this property provides
2 floors of residential accommodation
Ground floor comprises 4 units of various of sizes making up 172sqm
The top floor of 180sqm can easily be converted in two units of 90sqm each

Currently:
Upper Level: 4 Bedrooms, 2 kitchens, 2 Bathrooms, 2 Lounge/ Dining Rooms, Wooden outside Deck
Ground Level: 3 Apartments making up 4 Bedrooms, 3 Kitchens , 3 Bathrooms, Lounges and a double garage/ workshop

The price of R 7,950,000 (equivalent to a medium sized unit in a new development) represents great value and excellent opportunity.
SOLE MANDATE

Location

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