6 Bedroom Apartment Block For Sale in Three Anchor Bay

R12,995,000

Monthly Bond Repayment R138,582.53
Calculated over 20 years at 11.5% with no deposit.

Web Ref No ORL19475

Opportunity on the Atlantic Seaboard - Prime location!

Location:
- Prime Spot: Close to V&A Waterfront, City Centre, and N1/N2 access.
- Ideal for Development: Positioned on the sought-after Atlantic Seaboard.

Property Details:
- Size: 1351 sq m.
- Floors: Three levels, offering flexible use options..

Features:

Basement:
-5 Storerooms.
-Parking for 6 to 10 cars.
-Communal bathrooms.
-Separate bachelor apartment.
-Additional secure parking for 5 cars.

First Floor:
Reception area.
Multiple offices.
Boardroom/dining area with large veranda access.
Storerooms.
Kitchen and staff canteen.
Connection to the upper floors via a sweeping spiral staircase.

Second Floor:
Additional offices.
Large patio with views.

Zoning:
General Residential GR4:
Allows conversion into multiple sectional title units.
Possibility to expand within permissible floor space limits.
Options for various consent uses.

Development Potential:
-Conversion: Transform existing structure into smaller residential units.
-Expansion: Utilize remaining permissible floor space to add value.
-Consent Uses: Explore alternative permitted uses as per zoning laws.
-Additional Information:

***Plans and Reports: Detailed architectural plans and a Town Planners report are available.***

Features

Bedrooms 6
Security Yes
Bathrooms 3
Flatlet 1
Recep. Rooms 4
Dom. Accom. 1
Garages 10
Land Size 1,352m²
Carports/Parkings 5
Pets Allowed Yes
Monthly Rates R7,500.00
Monthly Levy R10,296.00