Erven 1137 and 1139 are situated in the “Village”, Hout Bay, towards the eastern end of the bay, directly on Beach Crescent. The properties have unrestricted views towards the beach, mountains and ocean. Hout Bay, an important metropolitan development node and destination, has in recent years experienced significant growth and investment, particularly the tourism industry, partly due to Hout Bay’s close proximity to the Cape Town CBD and partly to the unique living conditions the sub-regional urban node offers.
It is well connected to other important commercial metropolitan nodes via Victoria Road, Hout Bay Road and Chapmans Peak Drive.
The Village node, situated at the gateway of the world renown Chapman’s Peak Drive, functions as an important commercial and recreational node and comprises of a close knit urban fabric, characterised by various commercial activities, tourist attractions and a holiday ambience.
Both erven 1137 and 1139 in total 2800 m2, have direct access off Beach Crescent with a further access point is off Promenade Road, via a registered servitude across Erf 1140, being a portion of “Dunes” restaurant.
DEVELOPMENT OPPORTUNITY
These two plots combined can be developed into an apartment complex with a retail/restaurant component, or the development of 43 hotel rooms with a health spa, together with a bar and lounge and reception area on the ground floor. There are a total of 58 parking bays provided in the basement, with potential for a number of isolated tandem bays.
TOURISM CONTEXT
In recent years, Hout Bay has become a hub of tourist activity. This is due to its unique natural environment, as well as its close proximity to Cape Town. Currently only two hotels, the Chapman’s Peak Hotel and Hout Bay Manor exist in Hout Bay.
Various guesthouses and other forms of tourist accommodation are also available, but the growing demand necessitates that a greater variety of accommodation opportunities are needed.
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