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On Auction
Ref: 3644717

Milnerton Property For Sale

On Auction - Milnerton
Ref #: 3644717
Added: > 6 Months Ago
Type: Residential
Suburb:Milnerton  (in Cape Town Western Seaboard)
On Auction:Tue, 22 May 2012 - 11:30 AM
Auction Venue:8, 9 & 10 Burmeister Circle, Milnerton

Property Features

8, 9 & 10 Burmeister Circle, Milnerton

* Erf 902, 901 & 8666 measuring 3,120 m2. * 3 adjoining residential properties. * R450,000 rental income p.a. * Panoramic sea and Table Mountain views from site. * No freehold residential neighbours. * Can be redeveloped into 40 apartments. * Prime land situated just 100m from Milnerton's lagoon and beach, with an application for zoning rights for residential apartments already submitted for approval. * There are presently three existing residential properties on the adjoining erven which are to be sold as one. * Ideally situated in Marine Drive, with uninterrupted views of the ocean, Robben Island and Table Mountain, the property is only about five minutes from the centre of Cape Town and V & Waterfront and within easy reach of major routes. * Prime land such as this in such a sought after location is virtually unobtainable. Given the shortage of land available for brand new residential developments makes this an extremely attractive option for a developer. * An application for consolidation of the three erven and flat rights for a five-storey apartment building comprising 40 units has already been submitted. * Milnerton is a very desirable suburb of Cape Town which experiences a strong demand for residential accommodation, and this being a perfectly positioned site very close to the beach makes it highly appealing. * In addition, for golfing enthusiasts, Milnerton golf course is across the road, while numerous leisure and outdoor activities are right on the doorstep at the scenic lagoon and beach. Contact: Ron Shaked on 083 601 8272 Viewing: Strictly by appointment Registration: Day of auction Requirements: Valid ID & Proof of residence Terms: 5% deposit plus auctioneer's fee on acceptance

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