A significant development opportunity comprising approximately 179,389 m² (±17.94 hectares) across three adjoining full-title portions, strategically positioned on Knysna Road (N2) at the entrance to Plettenberg Bay.
The property benefits from existing Section 60 & 66 rezoning and subdivision approvals, together with Environmental Authorisation, providing a substantial head start for future development. The approved development concept provides for up to 812 residential units across three phases, together with a neighbourhood shopping centre of approximately 10,200 m² GLA.
The residential component was previously planned as a predominantly rental-housing development targeting the low-to-middle income market, with indicative rentals ranging from approximately R2,500 to R7,000 per month.
The three portions are held by a single owner in full title, offering a consolidated landholding of considerable scale. The location provides direct N2 exposure and convenient access to Plettenberg Bay, Kwanokuthula, Knysna, George, the town centre and surrounding beaches.
The property presents an opportunity for developers, investors and land bankers seeking a substantial development site in the Garden Route.
Please note: The existing approvals and Environmental Authorisation predate the auction and should be independently verified with the relevant authorities. The property is sold as an undeveloped development opportunity, and purchasers should undertake their own due diligence regarding current zoning, approvals, services, infrastructure capacity, development costs, market demand and overall feasibility.