120 ha Land available in Monavoni
This substantial 123-hectare parcel of land is situated in the sought-after industrial suburb of Sunderland Ridge, offering a versatile development opportunity suitable for commercial, industrial, or residential projects.
Key Features:
Zoning & Development Potential: Although the current zoning is agricultural, the property is primed for redevelopment in the future. It can be utilized for a variety of purposes, including warehouses, shopping centers, offices, schools, and churches. The land is ideal for both Industrial 1 & 2 uses and low-cost residential developments such as Residential Res 1, 2 or RDP housing.
Infrastructure: The property is equipped with three-phase power and has 3 boreholes (currently unequipped). A section of the Hennops River runs along the edge of the property, adding to its unique appeal.
Current Income: The property generates a rental income of R 55,000 per month, providing immediate financial returns while development plans are underway.
Development History: While the previous town establishment was approved but later collapsed, the site remains a prime candidate for new zoning applications and redevelopment.
Don''t miss out on this exceptional opportunity! Contact us today for more details.
Property details
- Listing number T4696059
- Property type Residential Land
- Listing date 3 Jul 2024
- Land size 120 ha