R13,500,000
R13,500,000
1 BEANSTON COURT, 81 Main Road
Monthly Bond Repayment R134,781.28
Calculated over 20 years at 10.5% with no deposit.
Change Assumptions
Monthly Rates
R3,630
R3,630
Rare Development opportunity
GR4 Zoned.
An opportunity like this presents itself very rarely and we are proud to introduce our exclusive sole mandate, inviting developers/investors to create something magical on this property.
Owned by a family for many years, this historic two storey building which is able to go up to five storeys, includes seven flats, an established garden, swimming pool, and private parking behind the block.
All the flats are owned by the current owner, under a Sectional Title Scheme. The opportunity to incorporate the existing building and create many more units with an additional three floors would be highly suited to the area, which includes many apartment buildings. It is on the main Road with great access to shops, schools, hospitals and other city amenities.
The option to buy it as a going concern also exists. The current mix of flats are:
45 sm units x 2
71 sm units x 2
116 sm units x 2
22 sm unit x 1
Established garden with well point water.
Fully walled with Auto gate.
Contact us to discuss further and to view this exciting opportunity.
Features
Pets Allowed
Yes
Interior
Bedrooms
9
Bathrooms
8.5
Kitchens
7
Reception Rooms
8
Studies
1
Exterior
Garages
3
Carports / Parkings
7
Security
Yes
Pool
Yes
Sizes
Floor Size
486m²
Land Size
1,144m²
Plumstead, Cape Town
Plumstead at a Glance:
Bordered by the suburbs of Constantia, Wynberg and Bergvliet and the M5 expressway to the east, divided in two by the Main Road and the railway line, lies the quaint, leafy suburb of Plumstead. Owing to its tree-lined avenues and affordable family-sized homes, Plumstead is a multicultural suburb that has become highly sought-after by property investors, with several newly-developed...
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