This fully rezoned residential land but still needs to be serviced, presents an exceptional investment opportunity. All approvals have been obtained. The total erf consists of 50 single subdivided residential erven and three general residential erven, to be sold as a single package.
Measuring a total of 3.9252 hectares.
1 x Single Residential Erf
Erf Size: 39,252 m2
Primary Uses: Dwelling Unit, Subsidiary Dwelling Unit
Zoning Potential: Up to 50 residential units
Height Restriction: 2 Storeys / 8 meters
Bulk Factor: Maximum of 0.5
Density: 1 unit per 300 m2
3 x General Residential Erven
Erf Sizes:
Primary Uses:
Height: Buildings above 3 storeys require Council consent
Bulk Factor: Up to 2.0 for all buildings
Density: 1 unit per 150 m2
Summary:
This property offers great flexibility and scale for residential development, from freestanding homes to high-density apartment blocks, all with the necessary zoning in place. Ideal for a developer looking for a turn-key project site with substantial ROI potential.
