2.4 ha Land available in Pelikan Park

An exceptional, de-risked investment opportunity located in the high-demand growth node of Jubilee Park, Eersterivier. With final Site Development Plan SDP approval granted by the City of Cape Town in December 2024, this project offers immediate market entry with all primary land-use rights fully secured.

Technical & Zoning Profile

Property Details: Consolidated portions

Total Site Area: 23,683m2

Portion 1 8,124m2: Zoned General Residential 2 GR2 The active development footprint.

Remainder OS3 15,559m2: Zoned Open Space 3 OS3 Dedicated private open space

Zoning Efficiency & Footprint:

Permitted Floor Factor: 1.0 | Permitted Coverage: 60.

Actual Proposed Coverage: A sustainable 27.2 2,214.60m2, leaving ample room for future value-adds or lifestyle features.

Secured Departures:

0m setbacks approved for specific street and common boundaries in lieu of 4.5m, vastly optimizing the developable envelope.

Parking requirement reduced to 73 bays down from 87, maximizing land utilization.

Architectural & Product Yield

Total Yield: 58 Residential Opportunities.

Unit Typology: Modern, two-storey duplexes.

Unit Size: 62.26m2 total 31.13m2 ground floor 31.13m2 first floor.

Target Market: Perfectly aligned with the high-demand, densified affordable-to-middle income housing sector in the Greater Blue Downs area.

Infrastructure, Logistics & Amenities

Development Charges DCs: Calculated at R2,232,120.25 subject to standard annual escalation.

Parking Breakdown: 73 bays total includes 13 visitor bays and 2 disabled bays 20 dedicated bicycle parking bays.

Estate Ancillaries: Approved layouts include dedicated refuse rooms, a laundrydrying yard, and high-quality, 90 permeable concrete palisade perimeter fencing.

Eco & Green Infrastructure: Features a landscaped bio-detention pond and an integrated 15m freshwater buffer zone, adding strong ESGlifestyle appeal to the estate.

Developer ROI Takeaway: This asset strips away the standard 1824 month zoning and council approval delays. It is a highly optimized, fully de-risked infill project aligned with the Municipal Spatial Development Framework, offering a clear, immediate path to breaking ground and realizing sales or rental yield.