A North facing 3 bedroom 2 bathroom home with an income-generating large flatlet.
Ample ground to entertain or garden for play.
Possibility to expand the income generating units, by building extra flatlets.
Potentially a development site of 634m2 zoned GR2 accommodating a multi-storey apartment block with mountain and sea views.
Financially viable development options have been investigated: 48 units at 25 m2, 24 units at 50 m2, or, an eleven-unit complex or 3-bedroom units. Relaxed parking restrictions have been tacitly approved. So, follow all regulatory guidelines for an R2 development, and approval is secured.
Major bulk infrastructural upgrades have already started with a commissioning date of 2026: just in time to achieve approval for any development.
The property is ideally located on the corner of Max and Koeberg Roads: Myciti and all public transport routes within the immediate location of the property. Access from Max Road and egress into Koeberg road is permitted.
Or, add to your rental property portfolio. Rugby has a huge rental market.