Vacant Land For Sale (12,05 ha's) N2 Somerset West

N2 & Onverwacht Rd, Somerset West, Cape Town, South Africa

Vacant Land unit for sale

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Listing ID: S-10438

Size 120 533 m²
price per sqm R290 m²
Sale Price R35 000 000

Vacant Land Zoned Subdivisional Area To Permit Single Residential, Local Business, Open Space,Utility And Transport Purposes | Somerset West

PROPERTY INFORMATION

Property Type: Freehold
Legal Description:
- Portion 35 of the Farm GUSTROUW 918
- Stellenbosch Registration Division
- Title Deed Number T34248/1984
Extent: 12,0534 Hectares
Address: Corner of N2 and Onverwacht Road, Somerset West
Usage: Vacant Land
Zoning: Subdivisional overlay zone area for single residential, local business, open Space, utility and transport purposes.

Zoning is valid until 23 March 2026.

The property comprises vacant land suitable for development situated east of Somerset West in the Western Cape Province.

The property is situated North of the N2 Freeway, South of the Railway Line, West of Pinkster Park and East of Onverwacht Road, Somerset West (linking N2 to Old Sir Lowry’s Pass Road). Access to the Property is off Onverwacht Road.

The property was previously zoned Agriculture. The City of Cape Town approved the rezoning and sub-division of the property along with the relaxation of certain building lines following a successful environmental authorisation process subject to restrictions relating to wetland requirements, stormwater retention pond and the provision of waste-water treatment works.

The rezoning and sub-division approval lapses on 23 March 2026.

The rezoning to subdivisional area permits, among other things, the development of 534 opportunities comprising:
- 32 Residential blocks between 3 and 4 storeys in height with a total of 384 sectional title residential units and 48 commercial units on the ground floor of the blocks (Zoning Local Business Zoning 2), and
- 102 Free standing erven

For a full information pack, please contact Richard Scott.

Property features:

...

Area specialist

Richard Scott

Investment Specialist

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