Investment land ready for development
We have prime land in Middelburg South ready for development.
Middelburg''s property market is prospering because of the rising commodity cycle. Whereas the property price growth in the rest of South Africa is faltering below 5%, the growth in Middelburg has been above 10% for the second year in a row. Another reason why this is a great opportunity is the scarcity of land in Middelburg for development and little new rental stock was added in the last 6 years. The demand for rental property is high as seen from the high rentals.
The land for sale is zoned for residential 3 and 18 single storey units were approved. The terrain plan was approved and bulk fees paid. All the developer needs to do is to finalise the plans for the individual units.
All structures has been demolished and removed and the terrain was levelled. The boundary walls and access gate was also completed.
You are welcome to contact me for more information. I have done an investment analysis and will make that available on request.
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