• 86 561 m2

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Mun. Rates & Taxes: ZAR 5500.00

Monthly Levy: ZAR 0.00

Special Levies: ZAR 0.00

Property description

Priced at R 3,290 million, this vacant stand measures 8.65 hectares and is about as level as you can find, with a slight rise at the top end. Zoned for Residential Only 2, this property is perfect for developing detached or attached self-catering units, medium-density housing, or even a retirement village. For medium-density housing, the zoning allows for 6 dwelling units per hectare, with 30% coverage permitted and the option to build up to two storeys.

The site boasts excellent access points, including two smaller cul-de-sac roads and one long tarred road boundary. Initially priced higher, it’s now attractively set at R 3,290,000. Previous plans included the development of 35 units. Conveniently located close to the beach, shops, hospitals, schools, and a golf course, the area benefits from a good road system with easy access to the freeway. With a Spar nearby, there’s potential for a larger shopping center. The property has tar road access on three sides, with rates at R 5,000. Positioned centrally between the freeway and R61, housing flanks both sides of the access road, and traffic lights at the bottom provide easy access to the beach. Another complex backs onto this site, enhancing its appeal.

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