2.2 ha Land available in Windsor Park

SOLE MANDATE - A rare opportunity exists for developers and investor groups to acquire 24 separate registered residential erven within the well-established Windsor Park area in Despatch, Eastern Cape.

Strategically positioned adjacent to completed townhouse developments and established residential properties, this is one of the final large-scale residential land opportunities available within the area.

VACANT LAND HIGHLIGHTS:

24 Separate Registered ERF Numbers confirmed

R230,000 per plot

Average plot sizes ranging between 750m² 1200m²

Total land size for all 24 plots is - 22 170m²

Rates and taxes estimated at -R1100 per 900m² of plot. Subject to change.

Significant potential with the possibility for a developer to further subdivide the existing erven and potentially increase the overall residential yield to approximately 48 opportunities, subject to municipal approvals.

10 plots already connected with services

Existing layout plan included within the marketing material for preliminary development consideration

Established residential surroundings with completed developments nearby

Strong affordable and entry-level housing demand within the area

Ideal for phased development strategy

Suitable for residential housing or townhouse development

Located within an already established and growing residential node

DEVELOPER POSITIONING:

The larger erf sizes provide developers with additional flexibility from both a planning and density perspective, creating a compelling opportunity to unlock further value through subdivision and phased residential development.

POTENTIAL TRANSACTION BENEFITS:

Seller is VAT registered, creating potential VAT efficiencies for VAT-registered developers

Bulk acquisition opportunity below estimated retail market value

Potential to be exempt from transfer duty which is dependent on VAT status of the purchaser

Large-scale residential opportunities with subdivision upside and density potential within established suburban areas are becoming increasingly limited.

Serious developers, investors, and development groups are invited to make direct contact to obtain further development information, layouts, and supporting documentation for due diligence and feasibility assessment purposes.