RARE RENOVATION PROJECT WITH HUGE POTENTIAL

Opportunities in this highly sought-after enclave seldom come onto the market. Held by the same family for 53 years, this property requires overhauling and restoration, offering an ideal blank canvas for a builder, developer, or visionary buyer.

• Erf Size: 748sqm total (approximately 150sqm thereof includes ownership of the steps up to Boyes Drive and a ribbon of land above that).
• House Size: Approximately 150sqm footprint across two levels.
• Upper Level: Large lounge with fireplace and panoramic views of False Bay and the Hottentots Holland mountains. Separate dining room, basic kitchen, 2 bedrooms, full bathroom, and a separate toilet, plus separate domestic quarters.
• Lower Level: 2 bedrooms and 1 bathroom with direct access to a glorious wild, overgrown terraced garden.

The property is positioned high up against the mountain just below Boyes Drive. Access to the property is via three flights of steps (unusually, this forms part of the property), which means that the property may not be suitable for those with mobility constraints unless the possibility of installing a funicular is explored. There is no garage and parking is limited to off-street spaces on Boyes Drive.

The structural footprint can be completely rebuilt into a premium family residence, or leveraged for its high-density potential to develop a 3-unit sectional title project tailored for the lucrative local holiday letting market.

Bruce Johnson, Marie Coxford and Estella Jordaan are representative of Real Estate Power CC, T/A REAL Realty.