Property details

3

2

?

Beds

Baths

Garage

Parking

Rooms

Swimming Pool

Garden

Furnished

Restaurant

Pet Friendly

Alarm

Guest Rooms

Wheelchair

Wireless

Aircon

Spa

Elevator

Conference Facilities

Erf size:
461 m²

Features

3 bedrooms (1 en suite) / 2 bathrooms / 3 reception rooms / city living / water

Development opportunity zoned GR4 ("General Residential 4") in Prime Position

A unique opportunity exists in prime Upper Wynberg for a developer to purchase this property as well as the neighbours, with entrance on Malton road (also zoned GR4), to build up to 5 floors of mountain view north-facing apartments. A current build of a 4-storey block of apartments flanks the property to one side (construction almost completed, due end October) and a recently sold block of apartments (21 on Wellington) lies adjacent thereto as well as numerous other well established blocks of apartments being in the nearby vicinity. The tone is well set for another high rise to make use of the boom amongst first time buyers adverse to paying transfer duties and wanting to cash in on the low interest rate emevironment. With the proposed and impending MyCiti Bus Route within walking distance to the property it's no wonder the City has rezoned this corridor of Upper Wynberg (“the development corridor”) to cater for developments of this dense nature.

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4 Wellington Walk, Wynberg Upper

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