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Fernwood development site is ideal for retirement accommodation

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Currently zoned General Business 4, property has potential to be rezoned for housing

Fernwood development site is ideal for retirement accommodation

The site – which is situated in Alphine Crescent in Fernwood, just off Old Sir Lowry’s Pass Road – measures about 9964m² and offers easy access to the N2 highway, says MC du Toit, chief executive Auctions and Sales for BidX1 South Africa.

“Fernwood is just 20km from Stellenbosch and is a new, developing area with top-class private schools and shopping centres.”

Du Toit says while the site is currently zoned General Business 4, it has the potential to be rezoned for housing because it is situated in an area that is predominantly residential.

Du Toit says: “With Vergelegen private hospital close by and all amenities and good educational facilities on hand, the property lends itself to retirement accommodation or general residential use.

“Somerset West is a burgeoning and highly sought-after area with excellent infrastructure and an appealing country ambience.

“This makes the property, in my view, ideal for acquisition by a savvy investor who has real vision.”

For more details, see the BidX1 South Africa catalogue on https://bidx1.com/en/news/buying-property-south-africa-bidx1s-digital-platform or email info@za.bidx1.com

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