665 m² Land available in Brooklyn

Development Opportunity High Demand

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.

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, solid end-user demand and affordability relative to neighbouring precincts.

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 tenanted house generating a gross monthly rental 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 surroundings and prioritizes market-aligned unit types and ease of execution.