This well located and easily accessed large plot is available for development. Situated on the quiet historic Church Street, but with easy access to Waterfront Drive and the N2, it offers an excellent opportunity for a large-scale development of affordable 1 and 2 bed apartments together with townhouses if desired.
The 4078sqm plot is a combined-erven which features 2 period buildings along the street frontage. Both cottages would need to be retained in the development, but with some renovation would, in themselves, make attractive period properties giving character and retaining feature in this historic part of town.
The remaining vast open and flat land to the rear offers a rare opportunity for developing without the need for large earthworks. A bonus for Knysna developments. Such large level stands are few and far between.
Waterfront Drive is quickly becoming a focus for both commercial and residential development with other sites already completed and approved plans for development in the locality about to commence.
This will add further value to this development, and developments of this type are very much in line with local demand and the Municipalitys Spatial Development Plan.
The Seller is VAT registered and has produced a draft concept of retirement apartments over 3 floors (with ample basement parking) ranging in style and size as follows
26 x 2 bedroom apartments varying from 81sqm to 95 sqm
33 x 1 bedroom apartments varying from 55sqm to 64 sqm
The concept also incorporated 15 frail care suites with lounge, dining room, doctors room and utilizing the period buildings as a day spa and restaurant/coffee shop/deli.
This gives a great impression of the large development potential of this site.
The right scheme would sell fast and for good value!
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