This 9,763m² 'Agricultural Zone' property at 6 Queens Avenue - The Wines, Eerste River, Western Cape, presents a unique development opportunity with high exposure to Van Riebeeck Road (R102) and multiple access points. The site is mostly vacant land with a slight gradient, covered in dirt, shrubs, and some trees.
The sole improvement on the property is a large, fifteen-bedroom house in a state of disrepair located on the northeast side. The seller has disclosed that the building is old and defective, and its condition (including roof, electrical, and plumbing systems) cannot be guaranteed.
The property will be sold with vacant occupation upon registration of transfer. While the seller indicates the site is connected to all services, the status and capacity of these connections should be confirmed by prospective buyers. Assessment rates are yet to be confirmed. The seller has not made us aware of any disputes, encroachments, or encumbrances in respect of the subject property.
Key Investment Highlights:
Significant Development Potential: Large erf size and 'Agricultural Zone' zoning offer flexibility for various development concepts, subject to rezoning and municipal approvals.
High Visibility & Accessibility: Prominent location on Van Riebeeck Road (R102) ensures excellent exposure, complemented by multiple access points.
Vacant Occupation: Provides immediate access for redevelopment or renovation plans upon transfer.
Motivated Seller: Disclosure of the house's condition indicates a clear understanding of the property's "as-is" state, potentially offering negotiation flexibility.