Unlock the potential of this expansive property, boasting a generous erf size of 1500sqm and situated in a highly sought-after location. With existing rental income from the old house currently on the property, the stage is set for a lucrative development venture.
Property Details:
Erf Size: Spread across 1500sqm of prime real estate, offering ample space for a significant development project.
Development Potential: The existing house, generating rental income, is slated for demolition, paving the way for a new and profitable venture. Approved plans for 24 apartments, rezoning, and issued building permits provide a streamlined path to development success.
Zoning: Strategically zoned as General Business, opening doors to a myriad of commercial and residential possibilities. With no restrictions on height and a floor space ratio of 2.0, the potential for innovative designs and lucrative returns is boundless.
Ideal for Investors and Developers
Whether you're an astute investor seeking to capitalize on the burgeoning property market or a seasoned developer looking for your next project, this opportunity offers the perfect canvas for success. With approvals in place and a prime location, the groundwork has been laid for a seamless and profitable development endeavor.
Don't Miss Out on this Lucrative Opportunity
Seize the chance to be part of a transformative development in a thriving area. Contact us today to explore this exceptional opportunity further and turn your vision into reality.
