3 Bedroom House in Noordwyk

Exceptional Development Opportunity: Multi-Unit Residential Property

This is a unique opportunity to acquire a 1,000 square meter property with significant development and investment potential. The site is approved for accordingly, with one unit currently habitable and two areas awaiting completion. This structure offers a compelling "live-in and build" scenario.

Current Property Status

The property is currently in a phased state of development:

Unit 1 (Main House): Occupiable

This unit is complete and ready for occupancy, allowing the purchaser to live on-site while managing the construction of the remaining units.

It features three bedrooms, a full bathroom, a kitchen, and a lounge.

An additional ensuite bathroom is partially complete and requires finishing.

Unit 2: Incomplete (Foundation and Walls Built)

The foundation and exterior walls are built, providing a clear footprint for the next phase of construction.

The proposed design includes three bedrooms and two toilets/bathrooms, along with other essential amenities.

Unit 3: Incomplete (Foundation Laid)

The foundation has been laid, establishing the position and size of the third unit.

Garages and Carport: Foundation Laid

The approved plans include a double carport and double garages, with the foundation for these structures already in place.

Investment Potential

When fully completed, the property is designed to yield a substantial return:

Total Capacity: 6 to 7 bedrooms, five bathrooms, and three garages/parking spaces.

Income Generation: The layout is ideal for conversion into three separate rental units, a prospective Airbnb operation, or potentially a creche, subject to local regulations.

Investment Profile: This investment is best suited for a purchaser with prior knowledge of property development and the ability to manage a complex build project to maximize its investment return.

Financial and Administrative Details

Price: R 1,440,000

Levies: No levies applicable.

Utilities: Prepaid electricity meter installed in the main house (Unit 1).

Rates and Taxes: Current rates and taxes are subject to change upon full completion of the development.

Plans: Building plans are approved and passed by the local authority.

Strictly NO AGENTS and NO MIDDLEMEN. The sale is a direct transaction with the owner due to the property's complex physical and administrative structure.

Enquiries and Contact:

Please direct all serious enquiries to: [removed]