3 Bed House in Warner Beach
R 1 990 000
Gus Brown Road runs along the hill above Warner Beach. This older home occupies a prime site that offers a great opportunity for a developer to build multiple units.
The site is currently zoned as GR2 (General Residential 2 - FAR 50% Covergae 40% 2 Storeys).
The property is flanked on either side by two multi-unit, multi-storey apartment complexes.
- To the south is Ocean''s 17, with 2 and 3 bedroom, modern apartments that sell at between R850K and R1.1M
- To the north is Algarve, with 2 and 3 bedroom units that sell at between R1.4M and R1.9M
The land is relatively flat - there is a small rise from street level, a few steps down to the level in which the house is built. At the sea facing edge, the last few meters slope of steeply. The earth works effort required to create a level stand are not huge.
The existing house is older but well maintained and comprises 3 bedrooms, 2.5 bathrooms, two lounges, dining room, kitchen and back and front verandahs and a pool. There is a single garage with SQ.
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