BANTRY BAY:
KLOOF & BROMPTON ROADS
BANTRY BAY LUXURY TOWERS
We identified 2,577 square metres of General Residential zone 2 land that spans across a number of erwen.
Total land acquisition cost is ZAR67.5m.
Developers, Investors, Fund managers etc are welcome to contact us for the full details.
TWO PHASE development proposed as follows:
To consolidate and redevelop Five Bantry Bay erwen in a Two Phase process.
Phase one:
The GR2-zoned erwen are: 132 Kloof road and 32 Brompton road, Bantry Bay.
Phase two:
The GR2-zoned erwen are: 134, 136 Kloof road, Bantry Bay.
Phase One
Phase Two
Concept Design: Dark theme exterior in a lush vegetation forest setting.
Interior Design: Dark theme interiors.
1. Market Analysis
Sectional Title transfers 12 months: 4 March 2024 to 4 March 2025
Full Title transfers 12 months: 4 March 2024 to 4 March 2025
2. Financial Analysis
CO-DEVELOPMENT OPPORTUNITY
3. Technical Feasibility
ARCHITECTURE
LYT Architecture
While the majority of projects completed to date have been throughout South Africa, LYT are also active throughout Africa, particularly Western Africa, which is serviced through their branch office in Lagos, Nigeria.
LYT Architecture offers over 50 years of combined professional practice and expertise – the widest range of architectural and interior design services to a broad spectrum of clients.
INTERIOR DESIGN
Asrealty Design has produced the proposal for the buildings’ exterior and interior looks with rendered images of the interior design requirements.
DEVELOPERS
4. Legal and Regulatory requirements
TOWN PLANNING:
Tommy Brümmer https://www.tommybrummer.co.za/
The GR2 (General Residential two) zoning is favourable, consolidation of all erwen in a row, would drop any title deed restrictions and needs to be applied for which we can proceed with once all four erwen are owned by the same owner.
This process alone could take anywhere from 12 up to 18 eighteen months, worst case scenario 24 months, as the public would be required to participate in this departure approval.
Planning approval will take around six months. So it could be up to 2.5 years before construction can begin.
However, we have identified a more suitable alternative which is more favourable in this regard, and that is to undergo a notarial tie of all four erven once they have been acquired and to apply for the relevant departures of removing restrictions on title deeds and other issues.
Another option is to develop each tower in phases, thereby eliminating the application for consolidation and which will allow a gradual acquisition of land process, which is a more viable financial option.
SPV REGISTRATION + ISSUING OF SHARES & CONVEYANCING:
Legal firms affiliated with us are:
STBB – Smith Tabatha Buchanan Boyes
Dewar Attorneys