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: 23,683 m2
Portion 1 (8,124 m2): Zoned General Residential 2 (GR2) – The active development footprint.
Remainder OS3 (15,559 m2): 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% (2,214.60 m2), 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: 62.26 m2 total (31.13 m2 ground floor + 31.13 m2 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 laundry/drying 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 ESG/lifestyle appeal to the estate.
Developer ROI Takeaway: This asset strips away the standard 18–24 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.