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Brooklyn, Brooklyn, Milnerton, Western Cape
R 2 700 000
Development Opportunity High DemandDevelopment Opportunity High DemandA Zoned residential development opportunity for 18 apartments situated in the well-located and increasingly sought-after suburb of Brooklyn, Cape Town.This opportunity presents an ideal proposition for developers seeking exposure to a compact residential project within close proximity of the Cape Town CBD and Paarden Eiland. Brooklyn continues to benefit from its strategic location, improving infrastructure, solid end-user demand and affordability relative to neighbouring precincts.The 665sqm site has been successfully rezoned from Single Residential to General Residential 3 GR3, permitting the development of 18 apartments.The property currently comprises an existing tenanted house generating a gross monthly rental income of R15,000 per month. This provides a stable holding income for the purchaser while development preparations are underway.Preliminary architectural concepts illustrate a contemporary residential scheme that is well-suited to the surroundings and prioritizes market-aligned unit types and ease of execution. Show more Show less
Estimated monthly repayment
R 25 497
on a R 2 430 000 bond over 20 years at 11.25%
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Brooklyn, Brooklyn, Milnerton, Western Cape
Area view — the exact address is shared on enquiry.
Liivra AI market value
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Fair-value check
Good valuePriced 40% below comparable 5-bed houses for sale in Brooklyn
Based on 9 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Nomvula Brown
Unclaimed listing — claim it to verify
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