15/07/2025
Prime Development Opportunity | Cape Town | Durbanville Central
R35,000,000 (Excl. VAT) | Fully Approved Mixed-Use Development | 4,133 m² Erf | 9,339 m² Approved Bulk
Located in the heart of Durbanville Central, this turnkey redevelopment site comes with full municipal approvals, including rezoning, subdivision, consolidation, and removal of restrictive title conditions.
🔎 Development Specifications
✔️ Zoning: General Business 4 (GB4)
✔️ Approved Bulk: 9,339 m²
✔️ Approved Uses: Apartments, Medical Suites, Offices & Retail
✔️ Approved Scheme:
▫️ Ground floor: Reception, medical suites, pharmacy, restaurant
▫️ Mid floors: Additional medical suites and offices (±1,600 m²)
▫️ Top floor: 12 Residential Apartments (±1,133 m²)
✔️ Site Status: All appeals dismissed. SDP ready.
➕ Residential Development Potential
▫️ ±140 Sectional Title Apartments (avg. 60 m²)
Strategically located within a growing medical precinct, this site aligns with the City’s Spatial Development Framework, Northern District Plan, and Transit-Oriented Development Strategy, supporting long-term intensification and healthcare access in a high-demand node.
📈 Comparable sales in the node: R28,000 – R32,000/m² for new residential developments.
🔑 Ideal for: Healthcare REITs | Residential Developers | Private Syndicates seeking scalable, income-generating assets in an established urban core.
🔗 Link to PDF Brochure
https://1drv.ms/b/c/47ae160c8f7b81ff/Ecg6SarJaNZOoH2Tt8NxgZIB_UW8PpgP1u5X0AQnmraOqQ?e=goaIls
📘 All supporting documentation available upon signing of NDA.
Let’s talk details.
Blake Coetzee - Property & Land Development Specialist - Harcourts Dunn
📧 [email protected]
📞 062 682 4851