A five-storey apartment block in Green Point's Main Road will be auctioned at a multiple commercial auction on October 13 at the One&Only Hotel.
Situated at 35 Main Road, the property on offer - the Seagull's Holiday Apartments building - is located on a 687sqm erf size and its 1,035sqm of floor area is made up of five stories comprising 19 bachelor units and 12 allocated parking bays. The ground floor houses the garage, caretaker's room, a bathroom, store room and reception area.
"It would be possible in terms of the general residential zoning of the property to develop the site with a nine-storey block of flats consisting of 38 habitable rooms, or a licensed hotel or a residential building, subject to the zoning scheme being granted," says Elias Tzouvanni of Alliance Group.
The property will be auctioned among other prime commercial lots at the One&Only Hotel in the V&A Waterfront on October 13 at 12:00.