Exclusive Mandate - Rare Boutique Development Site — R3 Million
Location
An exceptional erf of ±925 m² situated alongside the historic railway station precinct. The existing heritage station building ensures timeless character and foot traffic appeal, while the available development area offers a prime 25 m × 20 m footprint with unique views of the island and the ocean beyond.
Development Potential
Gross buildable area: ±1000 m² (UP to 3 levels must allow 30% of gross lettable area for parking space)
Suggested configuration:
Ground floor (±500 m² building): boutique retail, gallery, café, or destination restaurant space, 4m height, parking space for 20+ vehicles and on-ramp(400m² parking area)
First floor (±300 m²): Offices/luxury apartments 3m height with balconies and panoramic views and parking for around +/- 10 vehicles (200m²)
Rooftop terrace: entertainment or shared leisure area, under verandah, building has a total height restriction of 12m.
Why This Site
Unmatched setting: historical backdrop + island views, ease of access to major motorways
High yield potential: residential sales or holiday rentals
Scarcity factor: one of very few sites combining historic character with modern development flexibility
Scale: boutique-sized project ideal for niche developers
Financial Snapshot (illustrative)
Build cost: ±R15,000/m² ? ±R12m
Sale value: ±R30,000/m² ? ±R24m
Margin potential: 37.5%
Key Features
25 × 20 m footprint (±300 m² per upper level)
Up to 3 buildable levels + rooftop
Luxury apartments overlooking the island
Heritage character ensures long-term value, sought after location
Call to arrange for an opportunity to view