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R22,895,000 | Apartment Block For Sale in Protea Heights

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R22,895,000

Monthly Bond Repayment R248,114.73
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R14,000

APPROVED Development Opportunity!

Approvals & SDP are in place!

Well-positioned 8617m² development land in an exploding residential area!

Option One -

Break ground and start the process.

Critical time-delays cut short - the SDP is in place for 78 Apartments.
Traffic, Storm water, Landscaping, 3 phase electricity supply with supply
unit, Engineer's reports, City Planner, Architect - paid for and approved.

Provision for 124 parking bays in place.

Provision for 73 x 55m² two bedroom Apartments are place at a selling
price of ±R1 300 000 per unit.

Provision for 5 x 100m² three bedroom Apartments are place at a selling
price of ±R2 000 000 per unit.

Approved Development land is here today - gone tomorrow!

OPTION Two -

Investigate other unique opportunities such as:

A school or pre-school - the demand for more schools are huge with the
influx into the Western Cape!
DEMENTIA Center - demand since the pandemic increased. Patients pay
R18 000 p.m. for a 15m² monitored bed- & bathroom.
Small Mall
Business Park
Spar or Checkers
Daycare center
Health Spa
Wellness Center and Gym
Medical Center
A Day Hospital
A Retirement Village

Investigations were done for a borehole & new owners can pursue it.

The sought after property is next to a modern, upmarket Estate
in walking distance to a 5-star Hotel, Wine Farm, Restaurant's,
Venues and a Golf Course.

The options are endless - the time is now!

Let's get the ball rolling!

Features

-
-
Pets Allowed
No
Interior
Furnished
No
Exterior
Security
Yes
Parkings
124
Pool
No
Scenery/Views
Yes
Sizes
Floor Size
1,000m²
Land Size
8,617m²
STREET MAP
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-33.8815898, 18.6954479
Barbara Strydom
Barbara Strydom
Western Cape and South Africa Show number View my listings WhatsApp
Willie Strydom
Willie Strydom
Western Cape and South Africa Show number View my listings WhatsApp
1
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