A Character-Filled Home with Exceptional Development Potential.
Discover an exciting investment opportunity in the sought-after coastal area of Uvongo. This unique property offering combines the charm of an established family home with outstanding potential for future redevelopment.
The sale includes two adjoining plots with a combined land area of approximately 5 259 m², offering generous space and valuable existing density zoning. Whether you are looking for a renovation project, a spacious family residence or an exciting development opportunity, this property offers plenty of possibilities.
OPTION 1: Restore a Home with Character
Step into a home with history and charm. This approximately 80-year-old residence is ready for someone with vision to restore it and bring it back to life.
The home features beautiful original wooden floors throughout and a versatile layout offering:
- 3 Bedrooms and 2 Bathrooms.
- A formal dining room, ideal for family gatherings.
- A comfortable family lounge.
- A separate kitchen.
- A sunny office or sunroom, perfect for working from home or relaxing.
- An additional lounge which could be converted into a spacious main bedroom suite.
The existing home is single-storey and offers the possibility of adding a second level, potentially creating beautiful ocean views.
OPTION 2: An Exciting Multi-Unit Development Opportunity (Rezoned residential 4)
For developers and investors, the real attraction lies in the development potential of the two adjoining stands.
- Two adjoining plots: Both properties are included in the asking price.
- Total land size: Approximately 5 259 m².
- Development rights: Each stand is zoned for four separate dwellings, offering potential for a total of eight residential units.
- Borehole: One of the stands has an established, functioning borehole, providing an independent water source.
The existing zoning offers an opportunity to explore the development of a residential complex or multi-unit holiday accommodation, subject to applicable approvals and development requirements.
A PROPERTY WITH TWO VERY DIFFERENT POSSIBILITIES