9,018m² | Potential for up to 45 Units | R5,500,000 including VAT (under R107 000 EX VAT PER OPPORTUNITY COST)
We are excited to offer this exceptional opportunity for developers and investors to secure one of the LAST REMAINING substantial parcels of quality residential development land in sought-after Pinelands, Gqeberha.
Measuring approximately 9,018m², this property offers exciting medium-density residential development potential, with available zoning information indicating a density of up to 50 units per hectare – potentially accommodating up to 45 residential units, subject to municipal confirmation and approvals.
At an asking price of R5.5 million, inclusive of VAT, a potential 45-unit development translates to a land acquisition cost of approximately R106,280 excluding VAT per potential unit.
Adding considerable value, the seller has already completed substantial groundwork for a proposed 22-unit residential complex, providing a valuable head start for the successful purchaser.
DEVELOPMENT HIGHLIGHTS:
General Residential zoning 1 (group housing and old age home)
Potential capacity for up to 45 units.
Engineer-approved civil drawings for a proposed 22-unit development.
Approved Site Development Plan and approved architectural plans for 22 units.
Internal road, stormwater and sewer reticulation designs have been done for 22 units
Architectural renders of an upmarket, contemporary, secure lifestyle estate are available
Land cleared and boundary wall erected.
SDL and TDL contributions paid, with proof available.
At an asking price of R5.5 million, inclusive of VAT, a potential 45-unit development translates to a land acquisition cost of approximately R106,280 excluding VAT per potential unit.
For a cleared erf with a boundary wall already erected and substantial professional planning, engineering and development groundwork completed, this represents an exciting proposition for developers looking to get ahead of the curve.
With extensive property development taking place in the surrounding area, Pinelands is attracting increasing development interest, creating exciting prospects for future capital appreciation.
This is one of the last remaining quality development land opportunities of its kind in Pinelands. With very little comparable land expected to remain available once this property is secured, developers and investors are encouraged to move quickly.
Whether you proceed with the existing 22-unit plans or explore the potential for a higher-density development of up to 45 units, this is an opportunity not to be missed.
Contact us today for further information, supporting documentation and to arrange a viewing.