Property description
Rezoning Option | On MyCiTi Bus Route | Existing Rental Income
Positioned on the MyCiTi bus corridor, this expansive 3,172m² property presents an exceptional opportunity for developers and savvy investors. With generous land size, rezoning potential, and current rental income, it’s a prime canvas for future growth.
Location Benefits:
• Strategically located in Lansdowne/Wetton with direct access to main routes
• On the MyCiTi bus corridor – ideal for transport-oriented development
• Close to schools, retail, and essential amenities
Development Potential:
• Rezoning options for higher-density residential or mixed-use development (subject to council approval)
• Large erf offers flexibility for sectional title, multi-unit, or community-style projects
• Current structures provide immediate rental income while planning approvals are underway
Existing Improvements (Rental Income Generating):
• Two dwellings offering dual living (6 bedrooms total across two sections)
• Separate entrance flatlet (1 bedroom with kitchen, lounge & bathroom)
• Double garage and secure parking
• All units fully secure with burglar bars & gates
Key Highlights:
• Erf size: 3,172m²
• Dual living + flatlet setup with income potential
• Price on Application (POA)
- Flatlet
- Freehold
- Flooring: Tiles, Laminate
- Walling: Precast
