Vacant Land for sale in Glenmore 13514267

For Sale

Vacant Land, Glenmore, Port Edward | Ref: 13514267 - (KPP25824 )

Prime location and ripe for development!

This property is well located and can be a good development for any reputable and reliable developer. The area borders the Tongazi River and can provide 40 sectional title plots ranging from 508sqms to 815sqms.
Authorisation and a review of the existing development plans needs to be obtain again as it was previously granted from the KZN agriculture and environmental affairs to develop.

There is sufficient capacity for sewer and bulk water but need to be re-examined, including electrical, road and reticulation.
? Private Conservation zone
? All areas identified by the environmental consultants as environmentally sensitive, as the areas within the 1:100-year flood line have been excluded from development and designated Private Conservation Zones.
? Phase 1 contain areas such as wetlands, grasslands, indigenous forest, riverine forest, etc. The total extent of Phase 1 is 2,82 ha (54,86Ž
The proposed zoning controls are as follows:
? Special Zone A
Minimum ERF size: 500sqms
FAR: 0,5
Coverage: 15Ër />Height: 2 storeys
Other Controls: refer Conditions of Establishment
? Intermediate residential 1
Minimum ERF size: 1800sqms
Dwelling Units per ha: 20
FAR: Not applicable
Coverage; 30Ër />Height: 2 storeys
Other Controls: refer Conditions of Establishment
The gross residential density of this area is 8 units per ha.
If and should this property be bought by any investor or developer, it could mean a conservative estimate profit of R1 000psqm of property developed, assuming the average size of each property to be 500sqms and such profit would be of the order of R20.5 mil.
Why wait call today!
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Mike Willemse

Vacant Land for sale in Glenmore, Mike Willemse
Office: 039... 039 315 7787 Show Numbers
Cell: 072... 072 597 3121 Show Numbers
Email: ... Mike Willemse Show Email
Fax: 039 315 7672
View my Properties

Harcourts Property Perfect

Office: (03... (039) 315-7787 Show Numbers
Fax: (039) 315-7672


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