This is a rare opportunity for a developer or investor to acquire a fully approved, turnkey residential development in one of Cape Town’s fastest-growing and most in-demand urban areas.
The site is being sold as a complete, council-approved package, allowing an incoming purchaser to commence construction immediately. All planning approvals, zoning, demolition certificates, and development rights are already in place, significantly reducing risk, holding costs, and lead time.
The only outstanding requirement for the final BDM Certificate is the payment of municipal building development contributions.
Ideally located just off Albert Road, within walking distance of the Old Biscuit Mill and Woodstock Exchange, the development benefits from sustained demand from owner-occupiers, investors, and the short-term rental market. The property also falls within the Urban Development Zone (UDZ), offering valuable tax incentives and improved development returns.
Development Summary:
- 32 approved residential units
- Total permissible bulk: ±1,715 m²
- Secure underground parking
- Fully compliant and council approved
- Immediate construction readiness
Why This Opportunity Stands Out:
- Shovel-ready development with all major approvals in place
- Minimal lead time from acquisition to construction
- Reduced planning and approval risk
- Located in a proven, high-growth urban precinct
- Strong resale, rental, and short-stay demand
- UDZ tax benefits enhance overall returns
This opportunity is ideally suited to developers seeking a turnkey project with immediate execution capability and defined profitability in a well-performing Cape Town market.
Contact me for the full development pack, approvals, and financial overview.