11 Bedroom House for sale in Middedorp

Sole & Exclusive Mandate: This is a one-of-a-kind opportunity to acquire a portfolio of three strategically linked properties in Langebaan, offering a mix of current rental income and future development potential. Situated in the sought-after Villa Diamante area, the portfolio includes: 1. Groot Diamant – 11-Unit Apartment Block - A well-maintained and modernised block, renovated in 2016. - 11 Units Total: 3 bachelor apartments + 8 one-bedroom, one-bathroom units – all with full kitchenettes. - Two Levels: 7 units on the ground floor, 4 on the first floor with partial ocean views. Features: - Laminate flooring throughout. - Private prepaid electricity meters in each unit. - Fibre internet connection. - Four geysers servicing the block. - Inverter and solar system supporting selected units. - Gated, fully fenced, and secure with parking for 15+ cars. Land Size: 1,556 m2 | Building Size: 509 m2 Zoning: Business 1 with Special Consent for Flats. Rental Income: All units are currently leased, to be taken over by the purchaser, providing steady income. 2. Development Land – Erf 11398 Land Size: 6,700 m2 Zoning: Residential 2 (approved) Development Options: A previous plan for 32 units was submitted but not approved, leaving flexibility for the purchaser to tailor a new concept aligned with market demand. Suitable for medium-density residential development such as apartments or townhouses. Access: No direct access from Oostewal Road. Access to be secured through Groot Diamant (Erf 8734) or via Erf 8817 (14 Saffier Street). Development Levy: Acknowledgment of Debt already signed; approx. R1.221m (excl. VAT) payable by purchaser. (Included in Total Sale Amount) Why This Portfolio Works - Immediate Returns: Rental income from Groot Diamant supports holding costs and provides ongoing cashflow. - Future Growth: The Residential 2 site is development-ready, giving the purchaser freedom to design a scheme that matches current demand. - Strategic Access: Including Erf 8817 ensures access rights and flexibility for site planning. - Established Location: The Villa Diamante area is a well-known residential hub with strong demand for both sectional title and rental stock. For the full information pack, zoning documents, and to arrange a viewing, contact us!