NEW
Web Ref JCL1189
R36,900,000
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Monthly Rates
R5,843.25
R5,843.25
Prime Location For New Mixed Use Development.
PRIME MIXED-USE REDEVELOPMENT OPPORTUNITY
10 & 12 Marine Drive, Marine Circle, Bloubergstrand, Western Cape
Asking Price: R36,900,000
Zoning: General Business 3 (GB3)
Erf Size: Approximately 1,700 m² (Combined Stands)
Tenure: Freehold
OVERVIEW
An exceptional redevelopment opportunity located along the highly sought-after Marine Drive corridor in Marine Circle, Bloubergstrand. The consolidation of two adjacent erven creates a substantial and versatile development footprint, ideal for a high-quality mixed-use development incorporating retail, offices and residential or accommodation components.
The property benefits from strong visibility, excellent accessibility and a prime coastal node position, making it well suited to a landmark development.
ZONING AND DEVELOPMENT PARAMETERS
The property is zoned General Business 3 (GB3) in terms of the City of Cape Town Municipal Planning By-Law, allowing for a broad range of commercial and residential uses.
Key development rights typically associated with GB3 zoning include:
Maximum building height of approximately 25 metres above base level, which generally equates to up to 7–8 storeys, subject to design and approvals
Floor factor of approximately 2.0, allowing a total gross floor area of up to ±3,400 m²
Coverage of up to 100 percent, subject to building lines, setbacks and design compliance
Zero street building line permitted up to 10 metres in height, with increased setbacks required above this level
Permitted primary uses include business premises, offices, retail, flats, hotel or accommodation uses, conference facilities and associated commercial activities. Additional uses may be considered subject to municipal consent.
All development parameters remain subject to final planning approval and detailed architectural design.
DEVELOPMENT POTENTIAL
The site is ideally suited to a mixed-use scheme comprising:
Ground-floor retail, restaurant or service-oriented commercial space
Upper-level office space, residential apartments or short-stay accommodation
A combination of income-producing uses within a single integrated development
The zoning flexibility and scale of the site provide strong scope for optimising density and value.
LOCATION HIGHLIGHTS
Prime Marine Drive frontage within Marine Circle
Proximity to the beachfront and established lifestyle amenities
Strong pedestrian and vehicular exposure
Situated within an established and growing mixed-use precinct
Easy access to major arterial routes and the greater Bloubergstrand area
INVESTMENT RATIONALE
Rare consolidated redevelopment site in a prime coastal node
Flexible zoning enabling diversified income streams
Strong demand for retail, office and residential accommodation in the area
Suitable for developers, investors and institutional buyers seeking scale and visibility
ASKING PRICE
R36,900,000
(Thirty-Six Million Nine Hundred Thousand Rand)
10 & 12 Marine Drive, Marine Circle, Bloubergstrand, Western Cape
Asking Price: R36,900,000
Zoning: General Business 3 (GB3)
Erf Size: Approximately 1,700 m² (Combined Stands)
Tenure: Freehold
OVERVIEW
An exceptional redevelopment opportunity located along the highly sought-after Marine Drive corridor in Marine Circle, Bloubergstrand. The consolidation of two adjacent erven creates a substantial and versatile development footprint, ideal for a high-quality mixed-use development incorporating retail, offices and residential or accommodation components.
The property benefits from strong visibility, excellent accessibility and a prime coastal node position, making it well suited to a landmark development.
ZONING AND DEVELOPMENT PARAMETERS
The property is zoned General Business 3 (GB3) in terms of the City of Cape Town Municipal Planning By-Law, allowing for a broad range of commercial and residential uses.
Key development rights typically associated with GB3 zoning include:
Maximum building height of approximately 25 metres above base level, which generally equates to up to 7–8 storeys, subject to design and approvals
Floor factor of approximately 2.0, allowing a total gross floor area of up to ±3,400 m²
Coverage of up to 100 percent, subject to building lines, setbacks and design compliance
Zero street building line permitted up to 10 metres in height, with increased setbacks required above this level
Permitted primary uses include business premises, offices, retail, flats, hotel or accommodation uses, conference facilities and associated commercial activities. Additional uses may be considered subject to municipal consent.
All development parameters remain subject to final planning approval and detailed architectural design.
DEVELOPMENT POTENTIAL
The site is ideally suited to a mixed-use scheme comprising:
Ground-floor retail, restaurant or service-oriented commercial space
Upper-level office space, residential apartments or short-stay accommodation
A combination of income-producing uses within a single integrated development
The zoning flexibility and scale of the site provide strong scope for optimising density and value.
LOCATION HIGHLIGHTS
Prime Marine Drive frontage within Marine Circle
Proximity to the beachfront and established lifestyle amenities
Strong pedestrian and vehicular exposure
Situated within an established and growing mixed-use precinct
Easy access to major arterial routes and the greater Bloubergstrand area
INVESTMENT RATIONALE
Rare consolidated redevelopment site in a prime coastal node
Flexible zoning enabling diversified income streams
Strong demand for retail, office and residential accommodation in the area
Suitable for developers, investors and institutional buyers seeking scale and visibility
ASKING PRICE
R36,900,000
(Thirty-Six Million Nine Hundred Thousand Rand)
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
1,000m²
Land Size
1,700m²
STREET MAP
STREET VIEW
