R5,500,000
R5,500,000
Monthly Bond Repayment R58,653.63
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Monthly Rates
R2,900
R2,900
Prime Investment Opportunity in Upper Claremont – Redevelopment Potential with GR4 Zoning
SOLE MANDATE
Positioned on a 453 square metre plot, this property offers a rare opportunity in the prestigious neighbourhood of Upper Claremont. With a house size of 224 square metres and GR4 zoning, the home holds tremendous potential for redevelopment, whether for the creation of flats or student accommodation, making it ideal for astute investors or those with an eye for transformation.
The existing residence comprises three bedrooms, with the principal bedroom benefitting from an en suite. A family bathroom is located downstairs, featuring both a bath and a shower, whilst an additional bathroom upstairs provides for the remaining rooms. There is also a separate cottage on the property, complete with its own entrance, a kitchenette, and an en suite bathroom with a shower.
Outside, the paved garden leads to a pool. The property features secure parking, including a single garage and additional space for up to three vehicles. Inside, the lounge is centred around a fireplace and has tiled flooring, while the dining room is finished with vinyl flooring. A sunroom at the rear of the house provides a flexible space that could serve a variety of purposes.
For added peace of mind, burglar bars have been installed throughout the property. The home is also pet-friendly. Estimated rates are approximately R2,900 per month.
Whilst the house requires renovation throughout, its solid structure and prime location present an exciting opportunity for those looking to create something special. Whether you are seeking to develop an investment property or reimagine this home for family living, the potential here is substantial.
Features
Interior
Bedrooms
4
Bathrooms
4
Kitchens
1
Reception Rooms
3
Exterior
Garages
1
Carports / Parkings
3
Security
Yes
Flatlet
1
Pool
Yes
Sizes
Floor Size
224m²
Land Size
453m²
Claremont Upper, Cape Town
The city centre has become increasingly attractive as a hip residential area offering a world-class inner-city lifestyle unique in South Africa. Cradled between Table Mountain on one side and Table Bay on the other, Cape Town's city centre is home to a growing selection of luxury apartments , lofts and penthouses. Available to buy or rent, furnished or unfurnished, many of these are located in...
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Disclaimer: While every effort will be made to ensure that the information contained within the Greeff Christie's International Real Estate website is accurate and up to date, Greeff Christie's International Real Estate makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
