Vacant Land for sale in Seaforth, Simons Town
Web Ref: 1079256
Vacant land in Simons Town
The plans for future development have been drawn up, not yet approved, by an architect, for this vacant land, to create a Georgian façade that would be in character with the general Simon’s Town architecture. The plans (for 78 units) allow for 14 x 1-beds at an average of 48,7m2 plus 64 x 2-beds at an average of 72,6m2 (excluding balconies). A developer could, by submitting a rider plan, apply for up to 100 opportunities/units. The current total GLA (5327 m2) plus balconies (785 m2) plus communal space (4350 m2) is 10462 m2 – based on the 78 opportunities/units, already approved.
The projected profit, upon completion/registration of every unit, is between R55m and R65m – projections and calculations as well as approved plans to be provided in full on request by a prospective purchaser.
Should you be interested in this development opportunity, do not hesitate to contact us.
Monthly repayments will be calculating…
*based on purchase price at Prime over 20 years
Our goal is to sell your property at the right price and in the shortest possible time.