R 9 500 000
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1.5 ha Land available in Buccleuch

1.5 ha

Location: Buccleuch

Size: 14,733 sqm

Zoning: Rezoned to Residential 2 (Res 2) - Density of 20 units per hectare

Overview:

Unlock the potential of this expansive 14,733 sqm parcel of land, perfectly positioned for commercial and residential development. With an existing zoning of Residential 2 and a density of 20 dwellings per hectare, this site is set up for substantial growth and lucrative investment opportunities.

Key Features:

- Generous Site Area: 14,733 sqm (approx. 1.47 hectares)

- Current Zoning: Residential 2 (Res 2)

- Density Allowance: 20 dwellings per hectare - up to 29 units on-site

- Inclusionary Units: The current density does not require inclusionary - - housing units.

- Investment Potential:

Maximum Density: Achieve up to 29 units under the current zoning.

Rezoning Possibilities: By rezoning for market units plus 30% inclusionary housing, the density could increase to a total of 37 units.

Why Invest Here?

- Strategic Location: close proximity to local grocers and family friendly establishments, top of the range schools and religious grounds. Easy access to main roads.

- High Demand Area: This site is located in a growing area with increasing demand for residential development.

- Flexibility: Existing zoning allows for immediate development with a favorable density of 20 units per hectare. Future rezoning could maximize your return on investment.

This is an exceptional opportunity for investors looking to capitalize on a prime piece of land with significant development potential.

Don''t miss out on this chance to shape the future of this thriving area!

Property details

  • Listing number T4749491
  • Property type Residential Land
  • Listing date 15 Aug 2024
  • Land size 1.5 ha

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