FEATURED
SOLE MANDATE
Web Ref RL2735
R4,599,000
Monthly Bond Repayment R45,915.49
Calculated over 20 years at 10.5% with no deposit.
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DEVELOPMENT OPPORTUNITY | APPROVED PLANS FOR 24 APARTMENTS
Positioned in a sought-after pocket of Bellville, this vacant stand presents an exciting opportunity for developers and investors looking to capitalise on the area’s strong rental demand.
Approved building plans are already in place for 24 residential apartments, allowing you to move straight into the development process without starting from scratch.
With a shortage of rental stock in the area, the development offers excellent potential for strong tenant demand, high occupancy and attractive rental returns. Its convenient location close to major transport routes, business hubs, schools and everyday amenities further adds to its investment appeal.
Whether you’re looking to develop and sell for profit or build and retain the units as a long-term rental portfolio, this property offers flexibility and significant potential.
Key Features:
- Approved plans for 24 residential apartments
- Vacant development land
- Strong rental demand and limited supply
- Potential for attractive rental returns
- Convenient location close to transport, schools and amenities
- Suitable for sectional title sales or long-term rental investment
- Approved plans already in place, saving valuable time and costs
Opportunities with approved plans and strong development fundamentals are increasingly hard to find. Secure this site and turn the existing potential into a profitable development.
Sole & Exclusive Mandate
Better Call Stephen
DISCLAIMER: The images and video used in this advertisement are architectural mock-ups for illustrative purposes only and are not a representation of the current property. The sale includes the vacant land and approved building plans only. No building has been constructed on the property.
Approved building plans are already in place for 24 residential apartments, allowing you to move straight into the development process without starting from scratch.
With a shortage of rental stock in the area, the development offers excellent potential for strong tenant demand, high occupancy and attractive rental returns. Its convenient location close to major transport routes, business hubs, schools and everyday amenities further adds to its investment appeal.
Whether you’re looking to develop and sell for profit or build and retain the units as a long-term rental portfolio, this property offers flexibility and significant potential.
Key Features:
- Approved plans for 24 residential apartments
- Vacant development land
- Strong rental demand and limited supply
- Potential for attractive rental returns
- Convenient location close to transport, schools and amenities
- Suitable for sectional title sales or long-term rental investment
- Approved plans already in place, saving valuable time and costs
Opportunities with approved plans and strong development fundamentals are increasingly hard to find. Secure this site and turn the existing potential into a profitable development.
Sole & Exclusive Mandate
Better Call Stephen
DISCLAIMER: The images and video used in this advertisement are architectural mock-ups for illustrative purposes only and are not a representation of the current property. The sale includes the vacant land and approved building plans only. No building has been constructed on the property.
