Brack­en­fell devel­op­ment op­por­tu­nity

Weekend Argus (Saturday Edition) - - PROPERTY -

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.

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