The seller is motivated—make us an offer!
This 2.1-hectare property, situated in the high-demand suburb of Harveston, presents a rare opportunity for developers and investors seeking a site with both immediate rental returns and long-term development prospects.
?Development-Ready with Approved Plans
?Zoning approval is already in place for the development of 76 residential units, significantly reducing lead time for construction.
?Subdivision is approved by the Deeds Office, allowing the property to be split into two erven. This is ideal for phased development or servicing two distinct residential offerings to target different buyer markets.
?On-Site Infrastructure and Utilities:
?Electricity connection is already installed, with discussions underway for an additional power supply.
?Water supply is available, including a strong borehole which is perfect for supplementing municipal water during development or reducing future utility costs.
?Immediate Rental Income Stream:
?The property currently generates approximately R60,000 in monthly rental income from existing housing.
?This consistent cash flow provides an excellent holding income to cover rates, taxes, and initial costs during the planning or early development phases.
?Strategic Location:
?Ideally positioned among completed and ongoing residential developments in an expanding node.
?The area's continued growth and high demand for housing strengthen the feasibility of a new residential project.
?Offers easy access to major roads, shopping centres, schools, and essential services.
?Key Investment Summary:
?Development rights for 76 units already secured.
?Approved subdivision for a dual-complex strategy.
?Water and power infrastructure in place.
?Approximately 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