5 Bedroom House in Brooklyn

Development Opportunity High Demand

A Zoned residential development opportunity for 18 apartments situated in the well-located and increasingly sought-after suburb of Brooklyn, Cape Town. The site offers developers a manageable project with strong urban infill fundamentals, proximity to key economic nodes, and solid end-user demand drivers.

This opportunity presents an ideal proposition for developers seeking exposure to a compact residential project within close proximity of the Cape Town CBD and Paarden Eiland. Brooklyn continues to benefit from its strategic location, improving infrastructure, and affordability relative to neighbouring precincts.

Final development approvals were granted on 5 February 2026. The 665sqm site has been successfully rezoned from Single Residential to General Residential 3 GR3, permitting the development of 18 apartments.

The property currently comprises an existing dwelling configured into two separate tenanted units. Both tenants have occupied their respective units for over seven years, with a consistent track record and no

history of rental default. Each unit generates a gross monthly rental of R7,500, resulting in a total gross income of R15,000 per month. This provides a stable holding income for the purchaser while development preparations are underway.

Preliminary architectural concepts illustrate a contemporary residential scheme that is well-suited to the surrounding urban fabric. The design intent prioritizes efficiency, market-aligned unit typologies, and ease of execution.

The property is well-positioned within Brooklyn and benefits from convenient access to major transport routes, employment nodes, and surrounding amenities. The site configuration and context support a practical residential development outcome aligned with prevailing market demand.