Brackenfell development opportunity
TWO PORTIONS of prime development land in Protea Heights, Brackenfell, will be going under the Auction Alliance hammer next month.
Protea Heights is about 45 minutes’ drive from the Cape Town CBD and the area is showing rapid growth.
Portions 18 and 19 of the Haasendal farm are on offer and present investors with a potentially profitable development opportunity.
The site is zoned as a residential area and development has been approved for 174 residential units of up to seven storeys high. Portion 18 is 12 878m and portion 19 is 25 015m2 with a cumulative permissible development bulk of 34 000m2 for the area.
The auction is set to take place at the Crystal Towers Hotel and Spa in Century City at noon on July 15.