PRIME 2.2853 HA DEVELOPMENT OPPORTUNITY – LINCOLN MEADE, PIETERMARITZBURG
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.
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.
Features
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
