A substantial development opportunity in one of Pietermaritzburg’s established residential areas.
This expansive 22,853m² (approximately 2.2853 hectares) parcel of vacant land is ideally positioned in Lincoln Meade and presents an exciting opportunity for a property developer or investor looking to unlock the potential of a sizeable development site.
The property is zoned Mixed Use and benefits from an existing development concept, with unapproved plans providing for a residential development comprising a combination of one-bedroom units, two-bedroom units and flatlets.
The proposed residential layout provides a useful starting point for a developer looking to investigate the feasibility of a sectional title or rental residential complex, subject to the necessary municipal approvals and final development rights.
DEVELOPMENT POTENTIAL
The size of the site, existing mixed-use zoning and established residential character of the surrounding area create a compelling development opportunity.
The area has seen significant growth in residential complexes, making the site particularly suited to a well-planned residential development catering to the local rental and owner-occupier market.
Adding to the appeal are beautiful valley views, providing the potential for an attractive development with a strong lifestyle component.
Key features include:
22,853m² / ±2.2853 hectare site
Mixed-use zoning
Vacant development land
Existing unapproved plans available
Proposed mix of 1-bedroom units, 2-bedroom units and flatlets
Suitable for investigation as a residential complex development
Beautiful valley views
Established residential surroundings
Strong development potential
Ideal opportunity for investors and developers
A rare opportunity to acquire a substantial development site in Lincoln Meade, with the benefit of existing planning work and a residential development concept already prepared.
Developers and investors are encouraged to investigate the site's development potential and engage with the relevant authorities regarding approvals and permissible development rights.