- 6 768.0 m2
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Property description
Calling ALL DEVELOPERS!
This prospectus presents an opportunity to acquire or develop a 6,768 m² property that is currently in the process of being re-zoned for Residential 4 sectional title, higher-density residential use. The property offers both immediate holding income and significant future development potential, with the proposed zoning allowing for up to 100 residential units per hectare, subject to final municipal approvals and detailed development planning.
The current asking price is R 3,000,000.00 on an "as is" basis, or R 6,400,000.00 once the rezoning process has been completed. The site is currently occupied by multiple tenants and produces monthly rental income of approximately R 54,280.00, providing holding income while rezoning and development planning are finalised.
The possibilities are endless!
Don't wait. Contact me today for more information!
Property Details
Property Features
| Erf Size | 6 768.0 m2 |
