SOLE MANDATE
Web Ref CCH263
R10,500,000
52 Dirkie Uys, Audas Estate, Somerset West
Monthly Bond Repayment R113,789.24
Calculated over 20 years at 11.75% with no deposit.
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Monthly Rates
R1,970
R1,970
Sole Mandate - Apartment complex with 16 apartments
DEVELOPMENT OPPORTUNITY!
Sole mandate - Apartment complex with 16 apartments in Somerset West close to vibrant Bright Street.
This incredible Heritage site, build in 1905 as The Somerset West Hospital, situated on a spacious 3229 sqm erf, offering a plethora of possibilities and a fantastic investment opportunity. This site boasts three unique buildings consisting of a total of 16 units. These units range from cozy bachelor apartments to spacious one-bedroom apartments, with rental income ranging from R6000 to R7500 per month per unit.
In addition to the Heritage buildings, the surrounding area has been cleared and approved for development. With proposed plans in place, this GR2 zoned site is ready for a potential two-three story building. Located across from a school and nearby all necessary amenities, this site is perfectly situated for a variety of uses. As it’s close to the railway station, parking spaces per unit are forfeited, a huge advantage for a developer.
Viewings by appointment only.
Sole mandate - Apartment complex with 16 apartments in Somerset West close to vibrant Bright Street.
This incredible Heritage site, build in 1905 as The Somerset West Hospital, situated on a spacious 3229 sqm erf, offering a plethora of possibilities and a fantastic investment opportunity. This site boasts three unique buildings consisting of a total of 16 units. These units range from cozy bachelor apartments to spacious one-bedroom apartments, with rental income ranging from R6000 to R7500 per month per unit.
In addition to the Heritage buildings, the surrounding area has been cleared and approved for development. With proposed plans in place, this GR2 zoned site is ready for a potential two-three story building. Located across from a school and nearby all necessary amenities, this site is perfectly situated for a variety of uses. As it’s close to the railway station, parking spaces per unit are forfeited, a huge advantage for a developer.
Viewings by appointment only.
Features
Pets Allowed
No
Interior
Bedrooms
16
Bathrooms
16
Kitchen
16
Reception Rooms
16
Furnished
No
Exterior
Security
No
Parkings
24
Flatlet
16
Pool
No
Sizes
Land Size
3,229m²
STREET MAP
STREET VIEW
Audas Estate, Somerset West
Somerset West forms the largest part of the Helderberg basin, consisting of the Strand, Gordons Bay & Somerset West. Somerset West property offers you the convenience of city amenities 5 minutes from a world-class beach area in the Strand - all without losing its small town feeling and character. Located on the eastern edge of False Bay, it is within 20 minutes of Cape Town International airport, 45 minutes from...
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