R 39 900 000 | land property for sale in table view

EXCLUSIVE TO JAWITZ: PRIME MIXED-USE REDEVELOPMENT OPPORTUNITY 10 & 12 Marine Drive, Marine Circle, Bloubergstrand, Western Cape Asking Price: R39,900,000 Zoning: General Business 3 (GB3) Erf Size: Approximately 1,700 m² (Combined Stands) Tenure: Freehold OVERVIEW An exceptional redevelopment opportunity located along the highly sought-after Marine Drive corridor in Marine Circle, Bloubergstrand. The consolidation of two adjacent erven creates a substantial and versatile development footprint, ideal for a high-quality mixed-use development incorporating retail, offices and residential or accommodation components. The property benefits from strong visibility, excellent accessibility and a prime coastal node position, making it well suited to a landmark development. ZONING AND DEVELOPMENT PARAMETERS The property is zoned General Business 3 (GB3) in terms of the City of Cape Town Municipal Planning By-Law, allowing for a broad range of commercial and residential uses. Key development rights typically associated with GB3 zoning include: Maximum building height of approximately 25 metres above base level, which generally equates to up to 7–8 storeys, subject to design and approvals Floor factor of approximately 2.0, allowing a total gross floor area of up to ±3,400 m² Coverage of up to 100 percent, subject to building lines, setbacks and design compliance Zero street building line permitted up to 10 meters in height, with increased setbacks required above this level Permitted primary uses include business premises, offices, retail, flats, hotel or accommodation uses, conference facilities and associated commercial activities. Additional uses may be considered subject to municipal consent. All development parameters remain subject to final planning approval and detailed architectural design. DEVELOPMENT POTENTIAL The site is ideally suited to a mixed-use scheme comprising: Ground-floor retail, restaurant or service-oriented commercial space Upper-level office space, residential apartments or short-stay accommodation A combination of income-producing uses within a single integrated development The zoning flexibility and scale of the site provide strong scope for optimising density and value. LOCATION HIGHLIGHTS Prime Marine Drive frontage within Marine Circle Proximity to the beachfront and established lifestyle amenities Strong pedestrian and vehicular exposure Situated within an established and growing mixed-use precinct Easy access to major arterial routes and the greater Bloubergstrand area. INVESTMENT RATIONALE Rare consolidated redevelopment site in a prime coastal node Flexible zoning enabling diversified income streams Strong demand for retail, office and residential accommodation in the area Suitable for developers, investors and institutional buyers seeking scale and visibility ASKING PRICE R39,900,000 (Thirty-Six Million Nine Hundred Thousand Rand) - The 1st image of this listing is merely a proposal of how this site in envisaged for future development.