This 2.1-hectare property, situated in the high-demand suburb of Harveston on Die Oupad, presents a rare opportunity for developers or investors seeking a site with both short-term rental returns and long-term development prospects.
Development-Ready with Approved Plans
Zoning approval already in place for the development of 67 residential units, significantly reducing lead time for construction.
Subdivision approved by the Deeds Office, allowing the property to be split into two erven, ideal for phased development or servicing two distinct residential offerings to target different buyer markets.
On-Site Infrastructure & Utilities
Electricity connection already installed, with discussions underway for an additional power supply.
Water supply available, including a strong borehole—perfect for supplementing municipal water during development or reducing utility costs in the future.
Immediate Rental Income Stream
The property currently generates ±R60,000 in monthly rental income, providing consistent cash flow during the planning, approval, or early development phases.
This income can contribute towards covering rates, taxes, and holding costs while unlocking long-term value.
Strategic Location in an Expanding Node
Ideally positioned among completed and ongoing residential developments.
The area's continued growth and high demand for housing strengthen the value and feasibility of a new residential project.
Easy access to major roads, shopping centres, schools, and essential services.
Summary of Key Benefits:
Development rights for 67 units already secured.
Approved subdivision for dual-complex strategy.
Water and power infrastructure in place.
±R60,000 monthly rental income to offset holding costs.
Located in a well-established and expanding residential node.
Whether you are a seasoned developer looking for your next project or an investor interested in generating immediate returns while planning for future value, this property ticks all the boxes.
Contact us today to schedule a private site visit and discuss how this opportunity can fit into your development strategy.
Development land in the heart of Harveston.
Current rental income from housing R 60 000