Property features

R15 000 000
Rates R1106 pm

Property Details

Discover the potential of this exceptional redevelopment property located in the heart of Maitland. Situated on a 1473 sqm parcel of land, this site offers a unique opportunity to craft a landmark development in a rapidly growing area. Property Features: • Zoning: This property zoned Mixed Use 2 boasts a coveted zoning status for a seven-storey building, making it an ideal canvas for a multi-residential complex or mixed-use development. The zoning allows for the construction of 145 apartments and 45 garages, offering an incredible opportunity for housing solutions in a high-demand urban setting • Location: Maitland is a vibrant and evolving community with a burgeoning real estate market. Situated strategically within close proximity to the city center, transportation hubs, shopping centers, and recreational facilities, the location offers convenience and accessibility. • Investment Potential: The Maitland area has witnessed significant growth in recent years, with increasing demand for modern, well-located housing. This property offers the opportunity to tap into this growing market and create an attractive return on investment. • Architectural Freedom: With the possibility of constructing a seven-story building, architects and developers have the creative freedom to design a distinctive and innovative structure that could become a prominent landmark in the area. • Community Enhancement: By developing this property, you have the opportunity to contribute positively to the community by providing much-needed housing options, potentially transforming the skyline of Maitland and enhancing the urban landscape. • Accessibility: The property's location ensures easy access to major transportation routes, public transit, and essential amenities. This convenience is a significant selling point for future residents. • Infrastructure: Maitland has a well-developed infrastructure, making it an ideal location for a substantial redevelopment project. The property is well-connected to essential utilities and services. Don't miss out on this remarkable opportunity to create a signature development in a thriving area. Whether you're an experienced developer or an investor with a vision, this property's potential is boundless. Contact us today to discuss the possibilities and take the first step toward realizing your development dream in Maitland. This property is a blank canvas awaiting your masterpiece.