639 m² Land available in Strubenvale

Property Details

• Location: Corner of Hatch and Crawford Street, Strubenvale

• Zoning: Business 2

• Development Potential:

o Small 2-story apartment block

o 4 double-story duplexes (plans finalized but not yet submitted to local council)

o 1 or 2 houses

o Small business premises

Market Context

The surrounding area has shown promising property values, with a house next to the stand selling for R1,140,000 in 2024. Additionally, one of the townhouses opposite the stand is currently on the market for over R1,000,000, indicating a strong demand for residential and commercial properties in the vicinity. This information is sourced from the Property24 website.

Conclusion

This business stand in Strubenvale Springs offers a unique opportunity for development in a growing area. With finalized plans for duplexes and a favorable zoning classification, it is ideal for investors looking to capitalize on the local real estate market.