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Quay 1 International Realty

House · For SaleRef RL1372

Prime GR4-Zoned Development Opportunity | Central Position

R 8 900 000

Sea Point, Cape Town

Key facts

Type
House
Bedrooms
3
Bathrooms
2
Garages
1
Land size
263 m²
Brought to you by Quay 1 International Realty Positioned in a highly sought-after and convenient location, this character-filled home presents an exciting GR4-zoned development opportunity on a 263m² erf, ideally situated immediately adjacent to the Adelphi Centre and in a prime position close to a main road. Currently configured as a comfortable 3-bedroom home, the property offers a practical layout with 2 bathrooms, generous living space, a secure garage, front garden area and a separate storeroom/laundry room. Beyond the existing home, the real opportunity lies in its development potential and exceptional location. The property could appeal to developers, investors or purchasers looking to secure a well-positioned asset with multiple future possibilities. Its central position and existing residential configuration also make it an attractive option as a holiday home, Airbnb investment or seasonal income generator, subject to the relevant approvals and regulations. A Title Deed is available on request, as well as a walkthrough video for interested purchasers. Grade 3-C Heritage Grading – the least stringent level of local heritage protection, allowing greater flexibility for alterations and development, subject to the applicable heritage approvals. We anticipate high levels of enquiry given the location, zoning and development potential. Be sure to get in touch for further information, documentation and to arrange a viewing.

Features

  • security
  • sea views
  • pets allowed

Good to know

What is the asking price?+

This house is on the market at R 8 900 000.

How many bedrooms and bathrooms does it have?+

It has 3 bedrooms and 2 bathrooms.

Is there parking?+

Yes - 1 parking bay, including 1 garage.

How big is it?+

The land size is 263 m².

Is it pet-friendly?+

Yes - pets are allowed.

Where is it located?+

It's in Sea Point, Cape Town.

Bond repayment

Estimated monthly repayment

R 86 805

On a R 8 010 000 bond over 20 years at 11.75%.

Transfer costs

Purchase price
R 8 900 000
Transfer duty (SARS)
R 756 356
Transfer & conveyancing (est.)
R 69 250

Estimated once-off costs

R 825 606

Indicative only - bond registration costs excluded; your conveyancer confirms final figures.

Jambo Home Loans

Pre-qualified before you offer

Quay 1 partners with Jambo Home Loans. Get a bond pre-approval or speak to a consultant - they compare offers across the major banks on your behalf.

Call 087 474 0483

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