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R52,000,000 | 2,354m² Building For Sale in Observatory

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Development Land for Student Accommodation

Development Land FOR SALE in a PRIME LOCATION


This 2354m2 Development land is in a prime position and ideal for Student accommodation or Groote Schuur Hospital Staff accommodation.
Distance from the Groote Schuur Hospital is only a mere 700m, and from the University of Cape Town (UCT) is 1,9km.

This commercial property is located on an easily accessible corner of Observatory, along Lower Main road, surrounded by numerous UCT medical school facility buildings, retail shops, restaurants, and a lively entertainment scene. Main Road is one of the main roads leading through the Observatory; it is surrounded by areas such as Claremont, Rondebosch, and the CBD of Cape Town.

There are endless opportunities when it comes to this prime piece of development land. It can be purely Commercial use, student accommodation, or mixed use of commercial on the ground floor and residential from the 1st floor.

This development land has various usage potential, amongst others:
- Apartments
- Place of Worship
- Hospital
- Hotel

Features

0
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
2,354m²
Land Size
2,354m²
1
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