28 GREY STREET, WELGEMOED ~ REDUCED: R10MIL excl VAT

Ref # 2273211
R10,000,000
Property Details
7,152m²

DEVELOPMENT OPPORTUNITY

This property is a unique and strategically located site with significant development potential, situated in the upmarket suburb of Welgemoed, offering breathtaking views and access to the golf course.

Luxury Apartment Complex:

The property is well-suited for a luxury apartment complex or gentlemen’s estate. Its elevated position provides stunning views of the Welgemoed golf course to the west and the Boland mountain ranges to the east. An ideal location offers for affluent residents who seek a high-end urban lifestyle.

Key highlights and advantages of the development potential include:-

Proximity to Corporate Centres:

conveniently located near major corporate offices, including Santam, Sanlam, Glacier, PSG, Distell, Momentum, CIPLA, RMB, FNB, and others. Ideal location for business travellers and professionals.

Access to Amenities:

The site offers access to a wide range of amenities, including shops, bars, restaurants, sports facilities, shopping malls and fitness centres.

Transportation / Accessibility:

The property is easily accessible from the Cape Town International Airport and is centrally located, providing convenient access to prominent beaches and healthcare facilities, such as Louis Leipoldt Medi Clinic, Panorama Medi-Clinic, and more.

Natural Beauty:

The property's natural features, including a small river, waterfall, and adjacent private forest, add a unique and tranquil aspect to the development, making it an attractive destination for residents or guests seeking a serene environment.

Flexible Unit Configuration:

The proposed development initially included 38 spacious apartments with ample parking. However, the number of units can be adjusted to cater to market demand, allowing for flexibility in design and unit sizes.

Limited Competition:

Developments of this nature, particularly with direct golf course access, are currently limited in the market, creating the perfect opportunity.

The prime location, natural beauty, and ease of access, makes it a promising investment.

Additional information can be supplied on receipt of a signed NDA.

Contact BIBI BEST for more information.

Property Features
Property Type
Vacant Land Residential
Land Size
7,152m²
Costs and Terms
Available From
31 Jul 2024
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