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Now Showing: South Africa Property > Western Cape > Cape Town Metro > City Bowl > Vredehoek
LISTING USER
This property was listed by migcor54.

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Investment Block Of 14 Flats In Cape Town

A digital photo of Flat For Sale in Vredehoek, City Bowl, in South Africa

PROPERTY OVERVIEW

Location Vredehoek, City Bowl
Offering Development (with a variety of units to choosen from)
Name GLOUCESTER SQUARE FLATS™
Property Type Flat
Transaction For Sale
Asking Price R 18,000,000 ~ R 20,000,000
Floor Space 50 m² ~ 70 m²
Terms Negotiable
Monthly Maintenance Dues R 500

PRICING INFORMATION

R 18,000,000
~
R 20,000,000
SHOW CURRENCIES

Price/Floor Space R 50/m² ~ R 70/m²

PROPERTY DESCRIPTION

URGENT SALE as is OR
for REDEVELOPMENT

BLOCK OF FLATS

EXTRAORDINARY - AMAZING – UNBELIEVEABLE VIEWS

CHELMSFORD ROAD, VREDEHOEK
CAPE TOWN, SOUTH AFRICA
(Erf 2541, Vredehoek = 1200 Square meters)

!! A superb investment opportunity in prime location !!

GLOUCESTER SQUARE FLATS is a large & spacious security apartment block consisting of 14 tenanted residential units - 7 facing Table Mountain across the road - and the other 7 apartments, the city and sea.

Throughout all apartments - the floors have been laid with Rhodesian Teak floor slabs, comfortable storage space in fitted wardrobes in bedrooms, wooden-framed windows and doors, grey and white kitchen cupboards all apartments have individual balconies. It is centrally located near schools, shopping centre, supermarkets, various restaurants & pubs, hairdresser and an aromatherapy business. This block has been owned by one family for many years and has had great letting income. Reason for selling – Owner emigrating.

This apartment block, situated at the foot of Table Mountain, has spectacular, uninterrupted panoramic views of -.
• the entire city of Cape Town;
• Table Mountain directly across the road;
• View of the cable car running up and down Table Mountain;
• Signal Hill mountain;
• Lion’s Head mountain;
• Robben Island;
• The 2010 Stadium (being built at the moment);
• The Victoria & Alfred Waterfront;
• Cape Town Harbour; and
• The Atlantic Sea

This apartment block consists of –
• Flats Nos 1, 2, 3, 8, 9, 10 – 3-roomed flats - Table Mountain-facing 70 square meters in size
• Flats Nos 7 & 14 – 3-roomed - Sea-facing 70 square meters in size
• Flats Nos 4 & 11 – 2-roomed - Sea-facing 60 square meters in size
• Flats Nos 5, 6, 12, 13 – Bachelors - Sea-facing 43 square meters in size
• 7 Lock-up garages & 2 car parks 22 square meters in size
• 1 Storeroom 12 square meters in size
• 5 Domestic rooms at basement of block ranging from 8 to 16 square meters in size
• Communal toilet, bath & shower available for residents of these rooms
• Small grassed garden area on side of block
• Garbage location & washing lines on side of block

This property is suitable to be –
• sold by Sectional Title, as already approved;
• sold to a developer to build perhaps a boutique hotel or upmarket residential units with loft apartments as the views of mountains, city and sea are spectacular.

PLEASE CONTACT MICHELE ANYTIME
Michele Milne 0027 (0) 826584096

SALE PRICE
ZAR R20 000 000

AREA DESCRIPTION

See Property description - it says it all!!!

AREA DETAILS

Security The building of this property does not have 24 hour security.
Neighborhood Area Suburban residential
Proximity to...

    General Hospital 10 min
    Downtown Area 15 min
    Seaside 30 min
    Shopping Mall 5 min
    Police Station 10 min
    Fire Station 5 min
    Domestic Airport 30 min
    International Airport 30 min

PROPERTY DETAILS

Year Built 1954 Renovated 2009
Encumberance None.
Elevator No
Parking

    Garage (Fully Enclosed) - 7 Slots
Rooms
    Lounge
    Kitchen
Amenities
    Parquet
Swimming Pool None
Wheelchair Access Yes

CONTACT INFORMATION

This property is offered by the property owner:

Username migcor54
Name Block of 14 tenanted flats for sale

    0826584096
    migcor54gmail.com

Preferred Contact Method

If possible, please use this user's preferred contact method, which is:
    Email - directly to my email address

CONTACT FORM

To: migcor54


Important - This form is for legitimate inquiries from potential customers only. You may not use this form for any other purpose. If you are not a bona fide customer (or representing a customer), please do not use this form.



All information on this page has been provided by the user and has been accepted in good faith. Ah Yer! South Africa does not guarantee the verity of any data given, and any interested party must verify all information regarding this property directly with the offerer.



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