Prime Development Opportunity with Subdivision approval.
Asking price: R 5 750 000 including VAT (R 5 000 000 plus VAT)
No Transfer Duty Payable
Perfectly positioned above the railway line in Diep River, this 1,592m² property offers approved subdivision into five separate erven, making it an exceptional opportunity to unlock the site’s full potential.
The existing 3 bed home, situated on Portion 2 (456m²), is in need of renovation, ideal for those wanting to restore and retain its character while capitalising on the surrounding development potential.
With approved subdivision already in place, the property offers excellent scope for a residential development comprising multiple freehold homes, catering to the strong buyer demand in this sought-after pocket of the Southern Suburbs.
Conveniently located close to schools, shopping centres, transport routes, and within easy reach of the Constantia Valley and surrounding suburbs this property offers a great opportunity.
Don’t miss this rare opportunity to develop in one of the Southern Suburbs’ most accessible and up-and-coming areas.
Total Erf size: 1592m2
Approved Subdivision Sizes:
Portion 1 = 262m2
Portion 2 = 456m2 (existing house)
Portion 3 = 277m2
Portion 4 = 350m2
Remainder Portion = 247m2