"Situated in Perryn Street on busy Kruisfontein Road, a key route linking the old Paarl Road and Bottelary Road, the zoning of the property makes it ideal for development," says Paddy Smuts, CE of Pam Golding Commercial Auctions. "Being located in the heart of the rapidly growing suburb of Protea Heights, a developer is provided with the opportunity to help meet the area's pressing needs for convenience retailing. It is noteworthy that the commercial zoning of the property includes rights to develop a retail and high density residential facility with a maximum bulk of 1,5.
"Underpinning the development potential of the land is that many young first-time homeowners have identified Protea Heights as their preferred location due to its convenient situation and peaceful surrounds," says Smuts.
Image: This vacant erf in Protea Heights In Brackenfell in Cape Town's Northern Suburbs is to go on auction on 29 November 2007.
For more information contact 021 919 0994 or send an email.
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