Commercial Property for Sale in The Wines

EXCLUSIVE SOLE MANDATE A rare opportunity to secure a substantial 9,763m² development site in The Wines, Eerste River, offering scale, strategic positioning and significant redevelopment potential. Stretching from Van Riebeeck Road through to the rear of the property, this expansive parcel presents an exciting opportunity for developers and investors looking to unlock the potential of a sizeable landholding in an established residential area. The property currently includes a 12-bedroom house, which is in a neglected condition and would require extensive refurbishment or redevelopment. For the discerning developer, however, the existing improvements are secondary to the real opportunity: the land itself. Importantly, the owner is currently in the process of rezoning the property, with the application approximately 90% complete, creating an attractive proposition for developers seeking a project where substantial groundwork has already been undertaken. The property was previously earmarked for the development of student accommodation, making it particularly interesting for investors exploring accommodation, residential or other development possibilities, subject to the final approved zoning, development rights and municipal approvals. With its substantial size, prominent access and development potential, this property offers the opportunity to create a purpose-built development on a significant landholding. Highlights: * 9,763m² landholding * Existing 12-bedroom dwelling * House suitable for substantial renovation or redevelopment * Property extends from Van Riebeeck Road towards the rear * Rezoning process approximately 90% complete * Previously considered for student accommodation development * Significant development potential * Established surrounding residential area * Ideal for developers, investors and land acquisition groups