R1,395,000

PRIME GR4 DEVELOPMENT SITE – proposed FOR 16 UNITSAn exceptional high-density residential development opportunity with a successful rezoning to GR4, ideal for developers seeking scale, yield, and strong end-user appeal. The property measures 2,378m² and comes with proposed plans for 16 sectional title units, offering a well-balanced unit mix designed for modern living and strong market demand.Proposed Development Breakdown: • 8 x 3-bedroom units– 82.5m² under roof– Balcony size: 6.8m²• 8 x 2-bedroom units– 66m² under roof– Balcony size: 7.2m²Parking Allocation: • Tandem under-cover parking for each unit• 1 additional open bay per unitThe layout maximises space efficiency while catering to both owner-occupiers and investors. GR4 zoning allows for higher density development, making this a rare and valuable acquisition in today’s market.Key Features: • Land size: 2,378m²• GR4 zoning (rezoned successfully)• Proposed 16-unit development• Well-sized, market-friendly unit mix• Excellent parking provision• Strong return potentialAn ideal turnkey opportunity for developers looking to fast-track a residential project.Contact Ronald for detailed information or to arrange a site viewing.