The property, a two-storey building called San Remo, came into being in 1855 when the Weltevreden Farm was subdivided and portions sold off. The building falls within the Urban Conservation Area and has a heritage status of Grade 3A.

The property is being sold with architect plans to construct a 24 room boutique hotel. Alternatively the property lends itself well for an apartment complex which can accommodate approximately 10 apartments and 13 parking bays, or a 30 room student block. The property is primely positioned close to the Cape Town CBD and the young and trendy hub of Kloof street, with easy access to major freeways and main arterial roads.

The property has been surveyed by a Heritage architect Comments Debbie Sherman of Aucor Property, ''This property is ideal for those interested in redeveloping a historic building into a hotel or student accommodation, while keeping the original old world charm. Gardens is a popular destination for travellers seeking affordable accommodation a stone's throw away from the Cape Town CBD, so this property could become a great income generator.''

The building is situated at 7 Krynauw Street and zoned general residential 3. It has an Erf size of 1,329m2.

The auction will take place on site at 7 Krynauw Street, Gardens, Cape Town at 12pm on Thursday 28 February 2013.

For more information please contact Debbie Sherman on 083 261 8057 or This email address is being protected from spambots. You need JavaScript enabled to view it..