768 m² Commercial space in West Bank

DEVELOPMENT RIGHT FOR SALE. This is not a property but rather the development right to complete/ build the sectional title development known as Croydon Place, situated in Cranbroock Street, Port Alfred. Many years back 4 blocks were built and sold, yet the developer didn''t complete the last 2 blocks, each being 3 storeys high. The sites for the new blocks are on the northern side of the property, overlooking farm land and getting great sun all year round. The apartments are approximately 64sqm in size each, having an open plan living area, kitchen, with 2 bedrooms and a shared full bathroom. There is an undercover patio for each apartment also. Carports house vehicles below/ around each block. The development right allows for construction and sale of 12 apartments of 64 sqm each, a total of 24 bedrooms, 12 kitchens, 12 bathrooms, 12 open plan living areas, giving a total size of 768sqm of apartments that can be sold. See photos and plans and contact the agent for more info.