466 m² Land available in Newlands
Prime Vacant Land with ZRES01 Zoning Ideal for Student Accommodation Investment or Flats
Calling all Investors, Developers, Property Flippers
Unlock the potential of this exceptional vacant land in Newlands, positioned adjacent to a well-established property and offering a fantastic opportunity for investors. With ZRES01 zoning, this parcel of land is primed for development and presents a lucrative investment opportunity, particularly for student accommodation or Flats.
Property Features:
Zoning: Zoned ZRES01, allowing for residential use with a range of development possibilities.
Strategic Location: Situated minutes away from the University of Johannesburg, this land is perfectly positioned to cater to the growing demand for student housing.
Investment Potential: The proximity to a major educational institution means high rental demand, making it a prime location for building student accommodation or similar residential developments.
Adjacent Property Opportunity: The land is next to a full property with additional development potential. Consider purchasing both properties to maximize your investment and expand your development scope.
Local Amenities:
University of Johannesburg: Just a short distance away, the universitys proximity ensures a steady flow of potential tenants seeking convenient accommodation.
Transport Links: The area is well-serviced by public transport, providing easy access to the university and other parts of the city.
Shopping & Dining: Nearby shopping centers and dining options cater to the needs of residents and students alike, offering a variety of services and conveniences.
Recreational Facilities: Enjoy access to local parks and recreational areas, enhancing the appeal of the location for potential tenants.
Investment Highlights:
High Demand Area: The demand for student accommodation near major educational institutions is consistently high, providing a stable rental income potential.
Development Flexibility: With ZRES01 zoning, the land can be developed into various residential configurations, offering flexibility in your investment strategy.
Dont miss out on the chance to capitalize on this prime piece of real estate.
Secure your investment in Newlands today!
Property details
- Listing number T4792347
- Property type Residential Land
- Erf size 466 m²
- Rates and taxes R 800