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POA

House On Auction in Claremont

32 & 34 Chichester Road (m24), Harfield Village, Cape Town, 7708 Wc, Claremont, Cape Town

876 m²
- m²: 876 m²
- Hectares: 0.088 ha
- Acres: 0.216 acres

AUCTION

Contact Agent

Vibeke McCleland

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Auction: 32 & 34 Chichester Road, Claremont

This development opportunity in Claremont presents an excellent investment for those looking to capitalize on rental income potential in a prime location. The property consists of six units, including a 4-bedroom house, two 3-bedroom houses, a 1-bedroom flatlet, and two studio flatlets. With the potential to generate an estimated R1.3 million in rental income annually, this development offers a stable and attractive cash flow for investors. Additionally, the property boasts approximately 560m² of additional developable bulk, providing further room for expansion and value creation.

Situated in Claremont, one of Cape Town's most sought-after suburbs, the property is ideally located close to all essential amenities such as shopping centers, schools, and healthcare facilities. The upcoming extension of the MyCiti Bus route to pass directly by the property will further...