R 4 999 000 | Vacant Land / Plot for Sale in Fernwood

Prime development for sale in the sought-after Pinehurst Estate, Somerset West.
Introducing The Hepburn – a rare chance to secure a high-yield investment with long-term growth potential in a secure, well-established neighbourhood.
The Hepburn presents a lucrative investment opportunity in the soughtafter suburb of Somerset West, within the secure Pinehurst Estate. With 42 modern residential units, high rental demand, and potential for mixed-use adaptation, this development offers strong rental yields and long-term capital growth.
• Location: Alpine Crescent, Pinehurst Estate, Somerset West
• ERF Size: 3,311m²
• Zoning: GB4 (General Business 4)
• Selling Price: R5 million (Excl. VAT)
• Total Units: 42 (1- andamp; 2-bedroom apartments)
• Total Parking Bays: 66
Strategically located near Vergelegen Plein Shopping Centre as well as the Hope and Light School currently providing Pre-primary, Primary and High school , The Hepburn offers both investor appeal and tenant demand. Strong returns. Break-even in ±13 years.
Summary of the Planned Development – The Hepburn
Total Units and Breakdown
• The development consists of 42 residential units across three floors:
o Ground Floor: 14 units (101–114)
o First Floor: 14 units (201–214)
o Second Floor: 14 units (301–314)
Unit Sizes
• The unit types vary in size, with the following approximate dimensions:
o 1-Bedroom Units: 40–49m²
o 2-Bedroom Units: 57–64m²
o Some ground-floor units include gardens ranging from 7m² to 41m².
o Balcony sizes for first- and second-floor units are 3–8m².
Floor Usage
• Ground Floor:
o 14 residential units
o Includes gardens and terraces for certain units
o Features a guard house and refuse room
• First Floor:
o 14 residential units
o Units with balconies or stoeps
• Second Floor:
o 14 residential units
o Similar to the first floor with balcony units
Parking Allocation
• There are 66 parking bays, numbered P1–P66.
• Parking appears to be ground-level with ramped access.
• Some bays may be allocated per unit, while others could be visitor or shared spaces.
Contact us today for a detailed prospectus and financial breakdown.
Location: Alpine Crescent, Pinehurst Estate, Somerset West

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