Exceptional Lakeside Investment – Three Adjoining Plots With Prime Redevelopment Potential

Sole & Exclusive Listing!

A rare opportunity has arisen in the highly sought-after suburb of Lakeside: three adjoining properties at Orchard Avenue, Klein Wassenaar totaling 2,476sqm of prime land with dual access from Orchard Avenue and Main Road. Individually priced at R5,995,000, or R17,995,000 for all three, this scale of landholding in Lakeside is exceptionally rare, making it a standout acquisition for developers and investors.

The main property offers five spacious bedrooms and three bathrooms, already subdivided with separate entrances. This makes it ideal for dual-living, extended families, or generating rental income through long-term tenants or short-term holiday lets. The generous grounds provide flexibility for modernization, extensions, or complete redevelopment, with ample space for landscaped gardens, outdoor entertainment areas, and a pool. The adjoining plots add even more scope, allowing developers to create multiple units, boutique townhouses, or a sectional-title scheme, with the potential for phased development to optimize cash flow and minimize upfront risk.

Lakeside is a highly desirable location, with shops, cafés, and restaurants within walking distance, and easy access to False Bay beaches, hiking trails, and top schools. Main Road and Boyes Drive connect the suburb efficiently to the Southern Suburbs and Cape Town CBD, making it popular among families and professionals seeking a coastal lifestyle with strong growth potential.

For developers, the combined 2,476sqm site presents a rare opportunity to deliver modern sectional-title apartments, boutique townhouse complexes, or exclusive family residences. With limited redevelopment stock in the area, strong rental demand, and increasing lifestyle appeal, this property offers excellent end-user uptake and long-term capital growth.

Whether purchased as a family home, an income-generating investment, or a large-scale redevelopment project, this offering combines versatility, scale, and location, representing a once-in-a-lifetime chance to secure prime Lakeside land.

Erf Size: +- 2476 sqm

Rates : +-R7 710.00/month

Asking Price: R17 995 000.00