7,591m² Vacant Land For Sale in Somerset Heights
R1,550,000
Monthly Bond Repayment R16,529.66
Calculated over 20 years at 11.5% with no deposit.
Web Ref No RL4046
Developers' Dream: Prime Land with Approved Plans for Duplex Townhouses in Prestigious Grahamstown
Seize the opportunity to develop an exceptional residential project in one of Grahamstown's most sought-after neighborhoods. This premium parcel of land comes with proposed plans for 28 duplex townhouses, offering developers a turnkey solution for a high-demand residential development.
Key Features:
Location: Situated in the heart of Grahamstown, a well-established area with excellent schools, medical facilities, and shopping amenities. The land is close to Peppergrove Mall, Settlers Hospital, and other key infrastructure, ensuring high demand for residential properties in the area.
Zoning: Mixed Use – providing flexibility for both residential and limited commercial development, giving you the potential to tailor the project to the needs of the local market.
Proposed Plans: The development plans for 28 duplex townhouses are already in place, designed for modern living and targeting young professionals, families, and retirees. With well-thought-out layouts, these homes are positioned to meet the demand for stylish, low-maintenance living.
Maximum Height: The zoning allows for double-storey dwellings, giving you the opportunity to maximize the land's potential while maintaining a consistent architectural style with the surrounding area.
Density: 75% maximum density, ensuring optimal use of space without compromising on quality.
Height Regulations: Flat roof – 6.0m; Pitched roof – 8.5m, providing flexibility in design and architectural creativity.
Amenities: The location is a short drive from schools, shopping centers, and healthcare facilities, making it an ideal location for young families, retirees, and professionals alike. The area's tranquil environment adds to its appeal.
Investment Potential:
This land offers significant investment potential. With the high demand for modern homes in Grahamstown, this development is poised to deliver excellent returns. The proposed 27 duplex townhouses will cater to the growing need for quality, affordable homes in the region.
Why Invest Here?
Strategic Location: A prime position near essential services and transport routes.
High Demand Area: The need for affordable, modern townhouses is growing in this desirable location.
Ready-to-Go Development: Proposed plans are already available, saving time and effort in the planning process.
Price: Competitive
Contact us today for further information and to arrange a viewing. Don’t miss out on this exceptional development opportunity—shape the future of Grahamstown's residential landscape!