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120 Buitengracht Street

120 Buitengracht Street

Great development opportunity located in the heart of Cape Town CBD, situated on Buitengracht Street overlooking Heritage Square. The property is zoned as Mixed Use 3 and In respect of the zoning parameters the property is significantly underdeveloped. The erf extent is 1375 sqm and the bulk potential of 10 862.5 sqm. The property is subject to local area and heritage overlay zones, which adjust the standard zoning of the property in favour of certain special provisions; The floor factor may be increased by 30% (14 121.25 m2) as a residential incentive, provided 30% of the building floor space remains in use as flats; Further subject to a floor area overlay zone which permits a floor factor of 7.9x instead of regulation 6x. A zero-parking ratio applies to the central city as an incentive for public transport use. Consent of the Municipality must be sought to provide parking on site; The buildings on the property are graded heritage resources (grade IIIC) and the property falls within a Heritage Protection Overlay Zone (HPOZ) and therefore local and potentially provincial heritage approval may be required in respect of any redevelopment of the property.

Great development opportunity located in the heart of Cape Town CBD, situated on Buitengracht Street overlooking Heritage Square. The property is zoned as Mixed Use 3 and In respect of the zoning parameters the property is significantly underdeveloped. The erf extent is 1375 sqm and the bulk potential of 10 862.5 sqm. The property is subject to local area and heritage overlay zones, which adjust the standard zoning of the property in favour of certain special provisions; The floor factor may be increased by 30% (14 121.25 m2) as a residential incentive, provided 30% of the building floor space remains in use as flats; Further subject to a floor area overlay zone which permits a floor factor of 7.9x instead of regulation 6x. A zero-parking ratio applies to the central city as an incentive for public transport use. Consent of the Municipality must be sought to provide parking on site; The buildings on the property are graded heritage resources (grade IIIC) and the property falls within a Heritage Protection Overlay Zone (HPOZ) and therefore local and potentially provincial heritage approval may be required in respect of any redevelopment of the property.

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01

Information

Street address

120 Buitengracht Street

Price

R42 000 000

Suburb

Cape Town CBD

GLA

1 375m²

City

Cape Town

Category

Retail

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03

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Sia Thomatos

Sia Thomatos

+27 82 457 7462

sthomatos@broll.com

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Tel: 0821230000*

Email: info@cwbroll.com*

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