This property is situated in West Ave Ferndale, very close to the main road of Malibongwe. Measuring 2009m2, this land offers an investor or developer an opportunity to erect a smaller budget development. On a larger scale, this property is adjacent to two other stands, measuring 2006m2 and 4000m2, (total 8000m2) making it feasible for a much larger return. Indications from a town planner would suggest up to 40 units could be built on the consolidation of the 3 stands. There is an existing house on this property that can be used to generate rental income while zoning permissions are forthcoming. An awesome opportunity awaits you. Don’t hesitate to call us.
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