R21,500,000
R21,500,000
Monthly Bond Repayment R207,479.65
Calculated over 20 years at 10.0% with no deposit.
Change Assumptions
Spectacular 1,1ha small holding in the heart of Somerset West with developing opportunity.
This unique small holding is one of the oldest standing residential buildings in Somerset West. It is located walking distance from Mediclinic Vergelegen hospital and 1,1km from the nearest shopping centre, with a 25 minute traveling time to Cape Town International Airport and a 40 minute drive to Cape Town City Centre via the N2. Somerset West is a middle to upper-income town, with many good schools all within a 5km radius from this property.
Besides the spectacular history behind this holding, you have access to unlimited water flowing from the mountain, as well as borehole water. The property consist of a main 4 bedroom house, 2 bedroom cottage house, 2 added storage/extra buildings and a single garage, all to be renovated. Also to mention that some areas of the site has heritage holding.
The zoning of this property is currently zoned SR1 (Residential) and is a huge opportunity for potential developers. The total size of this erf is 11490m2, in a prime location for Residential Developing. *Developers can contact for more details and regulations on this property*
Features
Interior
Bedrooms
4
Bathrooms
2
Reception Rooms
2
Studies
1
Exterior
Garages
1
Flatlet
1
Views
Yes
Sizes
Land Size
11,490m²
Bridge Water, 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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