NEW
Web Ref CCH2199
R46,500,000
Monthly Bond Repayment R456,464.17
Calculated over 20 years at 10.25% with no deposit.
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Prime Development 198 Opportunity, Houghton Place, Eerstrivier
Approved development | 5.8 Hectares | Strategic Growth Node
Seize the opportunity to develop a signature medium-sized estate in one of the Western Cape’s fastest-growing residential corridors. Located at the high-traffic crossroads of Old Faure Road and Baden Powell Drive, this site is perfectly positioned to capture the high demand for middle-market housing.
The Opportunity
This 58,628m² tract of land comes with approved subdivision and 3 phasing approval, offering a prospect for developers looking to minimize lead times. The layout is designed for a well planed development catering to both first-time buyers and growing families.
159 Freehold Units: Single Residential 1 erven.
39 Sectional Title Units: 3 General Residential 2 zoned portions.
Zoned & Ready: Approved under the MPBL (Sept 2025) with rights for phased implementation.
Versatile Potential: While approved for residential, the site’s proximity to major retail hubs makes it a viable candidate for a small regional shopping centre (subject to rezoning).
Strategic Location & Connectivity
Positioned centrally between the Helderberg, the Winelands, and the City Bowl, this site offers unparalleled access for commuters:
Somerset West: ~15 mins
Stellenbosch: ~20 mins
Cape Town CBD: ~30 mins
Why This Site?
Policy Alignment: Confirmed by the City’s Spatial Planning Branch as an "Incremental Growth Area."
Vested Rights: The rezoning to a Subdivisional Area Overlay Zone is secure.
Phased Growth: Approved for a 3-phase rollout to manage cash flow and infrastructure delivery efficiently.
High Visibility: Located on upgraded arterial routes with massive daily traffic counts.
Price is exlusive of VAT.
Please contact us for more information.
Seize the opportunity to develop a signature medium-sized estate in one of the Western Cape’s fastest-growing residential corridors. Located at the high-traffic crossroads of Old Faure Road and Baden Powell Drive, this site is perfectly positioned to capture the high demand for middle-market housing.
The Opportunity
This 58,628m² tract of land comes with approved subdivision and 3 phasing approval, offering a prospect for developers looking to minimize lead times. The layout is designed for a well planed development catering to both first-time buyers and growing families.
159 Freehold Units: Single Residential 1 erven.
39 Sectional Title Units: 3 General Residential 2 zoned portions.
Zoned & Ready: Approved under the MPBL (Sept 2025) with rights for phased implementation.
Versatile Potential: While approved for residential, the site’s proximity to major retail hubs makes it a viable candidate for a small regional shopping centre (subject to rezoning).
Strategic Location & Connectivity
Positioned centrally between the Helderberg, the Winelands, and the City Bowl, this site offers unparalleled access for commuters:
Somerset West: ~15 mins
Stellenbosch: ~20 mins
Cape Town CBD: ~30 mins
Why This Site?
Policy Alignment: Confirmed by the City’s Spatial Planning Branch as an "Incremental Growth Area."
Vested Rights: The rezoning to a Subdivisional Area Overlay Zone is secure.
Phased Growth: Approved for a 3-phase rollout to manage cash flow and infrastructure delivery efficiently.
High Visibility: Located on upgraded arterial routes with massive daily traffic counts.
Price is exlusive of VAT.
Please contact us for more information.
George Prinsloo
Master Practitioner In Real Estate (MPRE) Registered with PPRA(FFC 1133221) Show number View my listings WhatsApp