6 Bedroom House in George Central

DEVELOPERS OPPORTUNITY 1,015m² DEVELOPMENT PROPERTY WITH EXISTING INCOME

Attention Developers, Property Investors & Business Owners!

This is not your typical residential property this is an opportunity aimed squarely at the developer or investor looking for land, zoning and development potential in an established location.

Situated on a substantial 1,015m² erf, the property is zoned General Residential Zone 4, creating the potential for higher-density residential development, including possible flat development, subject to the relevant municipal approvals.

WHY THIS PROPERTY

The existing improvements already provide income-generating accommodation, consisting of:

2-bedroom house

1-bedroom flat

This means a developer has the potential to generate rental income from the existing dwellings while investigating and planning the propertys future development.

A further major advantage is the approximately 400m² area at the rear of the property, offering valuable additional space that could potentially be utilized for parking, additional development or future expansion, subject to approval.

EVEN GREATER DEVELOPMENT POTENTIAL

The propertys location is particularly attractive, as it literally borders established shops and businesses, providing excellent accessibility and exposure.

Following consultation with a town planner, it has also been indicated that Light Industrial zoningapproval may potentially be obtainable, subject to the necessary municipal application and approval process.

This opens up the possibility of investigating alternative uses beyond residential development.

THE BOTTOM LINE

For the right developer, this property offers an exciting combination of:

1,015m² development site

General Residential Zone 4 zoning

Existing rental accommodation

Approximately 400m² additional rear area

Potential for higher-density residential development

Potential Light Industrial application

Established commercial surroundings

Excellent accessibility and visibility

This property is being marketed for its development and investment potential the value lies in what can be created here.

If you are a developer looking for your next project or an investor looking for a property with multiple future-use possibilities, this is an opportunity worth investigating.

Enquire today to arrange a viewing and discuss the development possibilities with your town planner.