756 m² Land available in Sunset Beach

This price INCLUDES VAT!

This Vacant Land is versatile! Two options exist:

OPTION 1:

Build your dream home in world-renowned Sunset Beach on this 756m2 corner position erf. This is the LAST plot available for sale.

OPTION 2:

This absolutely prime position corner plot in Sunset Beach is the last of the vacant land plots available FOR SALE. Already council approved for Local Business Use 2, the land is ready to be developed into a 3 storey business offices and medical suites.

Limitations exist as to what type of business will be permitted. Please ensure you acquaint yourself with these limitations which are as follows:

''Notwithstanding the primary uses permitted in the Local Business LB2 zoning of the Development Management Scheme, the following uses are not permitted: shop, second dwelling, bed and breakfast establishment, boarding house, flats, place of instruction, place of worship, institution, clinic, guest house, service trade, utility services, rooftop base telecommunication station and veterinary practice.''

Also please note that apart from the purchase price of R3.5 million the prospective purchaser will need to pay an additional DEVELOPMENT CHARGE as determined by Section 8.1 of the Development Charges Policy: In terms of section 8.1 of the Development Charges (DC) Policy for Engineering Services for the City of Cape Town (Approved Policy C41/05/14-29 May 2014) development charges apply to this application. The total amount payable for the proposed land use is in accordance with the attached DC calculation. This amount is calculated as per the Construction Price Adjustment Formula (CPAF). On 1 July 2024 this amount was R306 744. A price reduction has taken place on this land from R3.950 million to R3.5 million to account for this fee.

Conditional to this sale is that the services of locally renowned Architectural Designer Enrica Van der Linde are employed to fine-tune this plan and its approval. Please note that the rendered diagram is the concept acceptable to the City of Cape Town.

Kindly note that NO DEVIATION from the conditions set out in the notes above are permitted. Prospective buyers will be required to provide Identification document.