2 865 m² Land available in Mondeor
Seize the potential today and realize the full scope of this investment.. This partially developed property in a highly desirable location offers immense potential for a savvy investor. Originally a fully functioning home, the current owner envisioned subdividing the land for greater investment opportunities. With infrastructure for water and electricity already in place, the groundwork is set for expansion. The property features three unfinished 2-bedroom units that are nearly complete, with approved plans to add two more 2-bedroom units and a studio apartment.
Additionally, theres potential to rezone the remaining land for the development of 6-12 more units, offering a significant return on investment. Major foundational work, including the roof and plumbing, has already been completed, saving both time and cost. The property also boasts stunning panoramic views of Mondeor, making it highly attractive to future tenants. With consent for the new units currently in progress, now is the perfect time to act on this exceptional investment opportunity and bring this vision to life.
With consent for additional units in progress, this is a rare chance for a visionary investor to seize a high-potential project and turn it into a lucrative development. Act now to bring this vision to life!
Property details
- Listing number T4813708
- Property type Residential Land
- Erf size 2 865 m²