LIMITED OPPORTUNITY! | RESIDENTIAL DEVELOPMENT LAND NOW AVAILABLE | ESTABLISHED WINDSOR PARK NODE!
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.
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.
Monthly Rates
R1,100
Features
Sizes
Listing Info
Print
James du Toit
Agent
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
