R5,000,000

This spectacular elevated plot offers sweeping views of False Bay and exceptional potential. It is ideal for creating a luxury residence with its own private lake or for developing a multi-unit residential estate.The property is positioned at the end of Pyragantha Street in the sought-after Bakkershoogte area of Somerset West, directly adjacent to Poinsettia Park, which features a dog park, tennis courts and outdoor chess facilities.Water, power and sewer connections are nearby, with gravity flow to the sewer. The site is relatively flat and enjoys magnificent ocean and mountain vistas. It is located approximately one kilometre from the renowned Lord Charles Hotel and Waterstone Shopping Mall, and only thirty kilometres from Cape Town International Airport. Leading schools such as Somerset College and Parel Vallei High School are within three kilometres.This is a rare opportunity to secure a property that combines natural beauty, prime location and remarkable development potential.