Investment / Development Opportunity

Bidding opens at R6,000,000

ONLINE AUCTION

Bidding Start Time: Wednesday 28 June 2023 @ 09:00

Bidding End Time: Thursday 29 June 2023 @ 14:30

Registration is essential by Monday 26 June 2023.

Pre-Auction Offers may be considered. Auction Finance Available.

For more information, please contact the listing agent.

Description:

This is the goldmine you've been searching for! Situated in the most convenient and central pocket of Claremont, this high exposure site can be found with the perfect zoning for you to redevelop or invest in.

Located on Chichester Road within a 2-minute drive away from the M5, 5-minute walk from Kenilworth Centre to your left and a 5-minute drive to Cavendish Square to your right. With taxis and buses driving past this site throughout the day and a new confirmed MyCiti service road passing in front of the properties too, this site is perfect for any investment or redevelopment opportunities.

34 Chichester Road:

• 417m² Erf size
• 102m² Current building extent
• GR4 zoning
• Floor factor of 1.5
• Height limit of 24m to the wall-plate
• Coverage of 60%
• Currently used as a residential component and retail component
• 1 Residential component and 1 retail component
• 4 Bedrooms in the house with 3 rooms in the retail space
• 1 Bathroom per house and retail space
• 2 Secure parking spaces

Pre-Auction offers welcome.

Contact Sachin and Zaneeq for further information today.

Details:

• Erf no: 53565, Cape Town
• Erf size: 417m²
• Rates:  TBC
• Zoning:  General Residential 4

Web Ref:  650198

Transfer Duty Applicable

Payment Terms:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Sachin Boyjoonauth  |  068 259 2425  |  021 425 8822  |  sachin@claremart.com

Zaneeq Osman  |  064 507 4900  |  021 425 8822  | zaneeq@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za