679m² Building For Sale in Cape Town City Centre

R9,250,000

Web Ref No CL2034

Prime Development Opportunity East City Precinct Cape Town

This presents a rare opportunity to develop this freestanding building in the busy Buitenkant Street area. Currently the property comprises 15 fully tenanted apartments as well as two ground floor retail outlets with an existing GLA of 679 sqm.

The sellers have obtained a demolition permit based on proposed plans for a 9 storey structure comprising 33 apartments and a retail component. With a convenient Mixed Use 3 zoning, this is a gem of an opportunity with endless possibilities in this, the fastest developing node in the City.