*Sole Mandate*
This development opportunity is located on the corner of Essex Street and Coronation Road in Maitland and offers a prime corner development site with 2811 sqm of total bulk with General Residential 4 zoning. The property would enjoy 360 degree views should it be developed as there are no neighbouring buildings obstructing.
The property is currently structured as a church and is rented for a day care facility and also used as a church. Thus there is a small income producing element to the building. The property is large enough to to build additional dwellings to unlock some value should a full scale development not be actioned.
This particular area of Maitland has seen high demand for accommodation in the last few years as Cape Town sees a number of new residence calling it home. This section of Maitland is also very close to some major industrial and commercial nodes such as Paarden Eiland, Salt River and Pinelands and thus creating a convenient accommodation solution.
Contact me to discuss or view this great corner proeprty.
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