Awaiting on a Developers or Investors not only to see the character and charm this prime piece of real estate has to offer BUT the investment in the prime position within the upmarket suburb of Weybridge Park.
The current owner is in the process of making application on having the land further sub-divided into 10 000m.
The property has already been zoned Res 2 for a sectional title development with a maximum density of 25 units per ha as per the Lorraine LSDF, with a 70% coverage. The approval was given in 2018. In terms of SPLUMA the rezoning shall lapse on the land within a period of 5 years, (2023) should development not commence. Current land size 24,591m
Now is the time to take the opportunity of a market that is taking a breather, when the lid comes off the pot there is going to be an explosion in terms of property prices.
Property Information & Features
- Property Type
- Vacant Land
- Listing Type
- For Sale
- Weybridge Park, Port Elizabeth
- R 2,999,000 · Get Pre-Qualified
- Price per m²
- R 300
- Erf Size
- 10000 m²
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