Superb opportunity awaits to develop this 1351 sq m Art Deco property on the Atlantic Seaboard to realize its full potential .Offering easy access to the V&A Waterfront, the City Centre and N1/N2, this prime property, spread over three floors, can be lived in as it is or converted into a number of smaller flats. Previously used by the NSRI, the building currently offers a basement which comprises of 5 storerooms, parking for 6 to 10 cars, communal bathrooms. Separate Bachelor apartment and secure parking for another 5 cars. 1st Floor comprises of a reception area, numerous offices, a boardroom/dining area with flow to large veranda. Storerooms, kitchen and staff canteen. Sweeping spiral staircase leads to 2nd floor comprising of numerous offices and a large patio with views. The first and second levels were the original living areas. The property is zoned General Residential GR4 and there are a number of options for the future of the building. * Convert the existing Section into a number of smaller flats, covert the Section and add the remaining permissible floor space to the building or apply for one of the permissible consent uses. Detailed plans and a Town Planners report available. Contact Graeme Smith for further details and a viewing appointment.
Purchase Price R 12 995 000
Building Size1352 m2
Price Per SQMR 9611 m2
Type of PropertyComplex
Monthly Rates7500
Monthly Levy10296.47
Pets AllowedYes
Last Updated08 Apr 2024
Store RoomYes
Study1
Laundry1
Flatlet1
Kitchen2
Bedrooms6
Bathrooms3
Lounges2
Dining Room1
Patio1
Outdoor LivingPlaster
Garages10
Carports5
SecurityYes
RoofingTile
FlooringCarpet
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