4,627m2 Commercial Development Opportunity – Land Assembly
A rare land assembly and development opportunity in a strategic location with maximum exposure. This property is in Cape Town’s sought-after neighbourhood of Claremont, nestled amongst some of the most popular commercial and residential areas of the Southern Suburbs.
Claremont is a lush green suburb in the shadows of Table Mountain; it’s home to popular schools, upmarket shopping centres and company head offices such as Virgin Active, Coronation and Citadel. This property has a combined spacious ERF of 4,627m2 – a rarity in a city where space is at a premium. The various buildings come complete with ample off-street parking facilities, ensuring easy accessibility. It also offers investors the advantage of flexible zoning, making it ideal for versatile, mixed-use projects.
Our thoughts on this property
A comment from Itai Ilouze, Regional Head of Broking for Galetti Auction on this property: “113, 119, 121, 123 and 125 Belvedere Road is a savvy developers’ dream. Its proximity to the M28 offers easy access to major arterial routes and its location at the intersection of bustling Belvedere, Imam Haron and Chichester Roads ensures a steady stream of vehicular and foot traffic. This is a high-demand area with limited supply and these kinds of opportunities don’t come along often in Cape Town – developers will need to act fast.”
VAT Registered: Yes
Want to place your bid?
Register to join us at our not-to-be-missed auction on 8 November 2023! The auction starts at 12PM at The Capital 15 on Orange, Cape Town.
Find out more about this property: https://galetti.bidwrangler.com/ui/auctions/106440