Higgovale has become an investment hotspot in Cape Town, with residential development opportunities of luxury homes and higher density residential establishments in continued high demand. ClareMart, as a trusted source of valuable properties, has on offer an exceptional property in Higgovale, providing for a rare development opportunity in this prime location.
The home, with its downstairs flatlet, is set against the backdrop of stunning mountain views and overlooks the City Bowl. The property offers both double and single garages and additional off-street parking.
The property is situated on a large erf totalling 903m² in size and is zoned as a General Residential 2 property. This allows for residential developments of multi-dwellings and duplex apartments. The excellent location and substantial size of the property is boosted by multiple entrances with access from two roads, adding to the development potential of the property.
The demand for luxury homes and apartments in Higgovale has attracted both local and foreign buyers, and families relocating from other provinces. The rising demand has caused prices for apartments in this area to increase by 50% over the last five years, proving that property values will continue to rise in line with the growing demand.
Don’t miss out on a lucrative investment opportunity at the on-site auction by ClareMart, at 33 Higgo Road, Higgovale on Wednesday, 2 May 2018, at 12h00.