735 m² Land available in Windermere

Investment Opportunity

This property presents a prime investment opportunity, ideally located just off Lilian Ngoyi Road.

Currently tenanted, the property requires full renovationsperfect for a buyer looking to customize for personal use or to develop into a high-yield investment.

Development Proposal:

The current owners have proposed an exciting redevelopment plan for a four-storey building comprising:

Ground Floor: 16 secure parking bays

Floors 13: 14 self-contained micro units per floor (totaling 42 units)

Each unit is approximately 18 sqm and includes an en-suite bathroom and kitchenette. The layout is highly adaptable and ideal for student accommodation or bachelor rentals.

Project Status:

Land Use Management approval obtained

Currently under review by the Development Applications and Approvals Department

Construction drawings and engineer specifications are completed, streamlining the next steps

The appointed architect and engineer are available to assist with the final submission processfees to be discussed with interested parties.

Municipal Rates: R1,607

This is a turnkey development opportunity with all the groundwork laidready to proceed post-approval.