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Excellent Commercial/Residential Development Opportunity.

Officially rezoned to Business Zone 1! Fantastic opportunity for new commercial development in the highly popular Oostewal Road, Langebaan.
Ideally located, the property is in close proximity to a number of offices, apartments, shops, and other business developments, including the famous Bree Street. Its close proximity to the beach and other amenities make it ideal for commercial and residential use. Become a part of the ever-expanding commercial epicentre of Langebaan!
An Architect’s design proposal has already been approved by the local municipality, and the plans come with the property. A demolition permit has been granted to remove existing lightweight timber structure on-site and erect a new commercial development immediately.
All that is left to do is to develop this property!

The conditions of the development are as follows:
- Business Zone 1 allows for Professional Offices and Flats only.
- This erf has been rezoned with the condition of 40% offices and 60% flats, with the possibility of consent to be granted for 100% offices.
- Erf 384 is 862m2, large enough to provide an incredible return-on-investment.
The available approved Architect’s design:
- The proposed design maximises possible development, with 653m2 of offices and apartments. A contemporary, aesthetically pleasing development, whilst prioritising practicality, return-on-investment and affordability of construction.
- A basement parking has been designed with 29x spaces, without having to perform major excavations, using the advantage of the natural slope of the site.
- The proposed design’s apartments are micro-living studio apartments, an increasingly popular space within the property market.
- All offices within the proposed design are flexible and professionally finished.
- One main feature-office provides a more high-end space and creates an instantly-recognisable landmark, distinguishing the development within its surroundings.

Contact me should you wish to see the plans.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
653m²
Land Size
863m²

Middedorp, Langebaan

Langebaan is situated just over 100km from Cape Town and offers residents breathtaking views. One must see attraction is the white Caribbean-like beaches that surround the crystal clear waters of the Langebaan Lagoon.       Calypso Beach Situated just off the R27 in the picturesque and modern sea-side town of Langebaan, Calypso Beach is an unspoiled paradise perfect for old and...
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Disclaimer: While every effort will be made to ensure that the information contained within the Lew Geffen Sotheby's International Realty website is accurate and up to date, Lew Geffen Sotheby's International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

35,718.12

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