Registered Development Rights with Rooftop & Rear Development Potential
A rare opportunity to acquire registered development rights in one of Cape Town's most tightly held residential locations.
Positioned on the slopes of Signal Hill, this offering comprises the cession of registered Section 25(6) development rights over an existing sectional title scheme, together with an extensive legal and technical documentation package prepared to assist purchaser due diligence.
The rights comprise two independently exercisable development components, offered together as a single transaction:
• Approximately 150 m² of rooftop development rights, together with an existing concrete structural slab and approximately 100 m² of exclusive-use roof deck, enjoying panoramic views across Table Bay, the V&A Waterfront, Green Point Stadium, the City Bowl and Signal Hill.
• A separate 225 m² rear development component offering further development potential, subject to the necessary statutory approvals. The rear component currently incorporates existing ancillary accommodation operated as short-term rental units, providing an existing income-generating asset while future development options are explored.
While the rooftop and rear development components may ultimately be exercised independently or together, they are being offered for sale as a single acquisition, providing flexibility for future development, subject to all required planning, municipal and statutory approvals.
This is not the sale of an existing apartment, but rather the acquisition of registered development rights reserved in terms of Section 25(6) of the Sectional Titles Act, with the rights remaining valid until 31 May 2041.
Located on prestigious High Level Road, the property enjoys a unique position between Signal Hill Nature Reserve and the V&A Waterfront, placing future development within one of Cape Town's most desirable and supply-constrained residential precincts.
A comprehensive Information Memorandum, together with supporting legal, historical, survey and technical documentation, is available to qualified purchasers on request.
Asking Price: R14,500,000
Positioned on the slopes of Signal Hill, this offering comprises the cession of registered Section 25(6) development rights over an existing sectional title scheme, together with an extensive legal and technical documentation package prepared to assist purchaser due diligence.
The rights comprise two independently exercisable development components, offered together as a single transaction:
• Approximately 150 m² of rooftop development rights, together with an existing concrete structural slab and approximately 100 m² of exclusive-use roof deck, enjoying panoramic views across Table Bay, the V&A Waterfront, Green Point Stadium, the City Bowl and Signal Hill.
• A separate 225 m² rear development component offering further development potential, subject to the necessary statutory approvals. The rear component currently incorporates existing ancillary accommodation operated as short-term rental units, providing an existing income-generating asset while future development options are explored.
While the rooftop and rear development components may ultimately be exercised independently or together, they are being offered for sale as a single acquisition, providing flexibility for future development, subject to all required planning, municipal and statutory approvals.
This is not the sale of an existing apartment, but rather the acquisition of registered development rights reserved in terms of Section 25(6) of the Sectional Titles Act, with the rights remaining valid until 31 May 2041.
Located on prestigious High Level Road, the property enjoys a unique position between Signal Hill Nature Reserve and the V&A Waterfront, placing future development within one of Cape Town's most desirable and supply-constrained residential precincts.
A comprehensive Information Memorandum, together with supporting legal, historical, survey and technical documentation, is available to qualified purchasers on request.
Asking Price: R14,500,000
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