PRIME MUlZENBERG DEVELOPMENT OPPORTUNITY | WALKING DISTANCE TO THE BEACHFRONT
Unlock the potential of this exceptionally positioned property in sought-after Muizenberg, offering a rare combination of existing residential accommodation and significant development potential.
The property currently comprises a house with renovation potential, providing an opportunity for an owner-occupier or investor to restore and enhance the existing dwelling. However, the greater opportunity lies in its development potential.
The City of Cape Town supports Group Housing 5 zoning, with a floor factor of 2.5 and 60% coverage, allowing for a potential total development area in excess of 1,200m², subject to the relevant planning approvals and development requirements.
Ideally situated within walking distance of the Muizenberg beachfront, the property enjoys a prime coastal position with views towards the Indian Ocean.
Its location, zoning potential and proximity to the beach make this an exciting proposition for developers, investors or buyers looking to unlock substantial value through redevelopment.
With the growing demand for well-located coastal residential property, this site presents an opportunity to explore a purpose-designed apartment development in one of Cape Town's most established seaside suburbs.
Key features:
Prime Muizenberg location
Walking distance to the beachfront
Views towards the Indian Ocean
Existing house with renovation potential
Group Housing 5 zoning
Floor factor of 2.5
60% coverage
Potential development area of 1,200m²+
Excellent redevelopment opportunity
Ideal for developers and property investors
A rare opportunity to secure a well-positioned development site in Muizenberg, with the potential to transform an existing residential property into a modern coastal apartment development.