2.3 ha Land available in Lincoln Meade

A substantial development opportunity in one of Pietermaritzburgs established residential areas.

This expansive 22,853m2 approximately 2.2853 hectares parcel of vacant land is ideally positioned in Lincoln Meade and presents an exciting opportunity for a property developer or investor looking to unlock the potential of a sizeable development site.

The property is zoned Mixed Use and benefits from an existing development concept, with unapproved plans providing for a residential development comprising a combination of one-bedroom units, two-bedroom units and flatlets.

The proposed residential layout provides a useful starting point for a developer looking to investigate the feasibility of a sectional title or rental residential complex, subject to the necessary municipal approvals and final development rights.

DEVELOPMENT POTENTIAL

The size of the site, existing mixed-use zoning and established residential character of the surrounding area create a compelling development opportunity.

The area has seen significant growth in residential complexes, making the site particularly suited to a well-planned residential development catering to the local rental and owner-occupier market.

Adding to the appeal are beautiful valley views, providing the potential for an attractive development with a strong lifestyle component.

Key features include:

22,853m2 2.2853 hectare site

Mixed-use zoning

Vacant development land

Existing unapproved plans available

Proposed mix of 1-bedroom units, 2-bedroom units and flatlets

Suitable for investigation as a residential complex development

Beautiful valley views

Established residential surroundings

Strong development potential

Ideal opportunity for investors and developers

A rare opportunity to acquire a substantial development site in Lincoln Meade, with the benefit of existing planning work and a residential development concept already prepared.

Developers and investors are encouraged to investigate the site''s development potential and engage with the relevant authorities regarding approvals and permissible development rights.