Attention Developers and Investors!

A rare opportunity to acquire a prime parcel of land in the highly sought-after and well in demand suburb of Lorraine, earmarked for residential development. The stand currently features a 4-bedroom home and multiple flats as well as a swimming pool.

The Opportunity:

• Extend: 2.1 hectares, subdivisible into 25 units per hectare
• Zoning: Residential 1
• Services: Water, electricity and sewerage at boundary as the stand currently services a residential home and multiple flats, situated at the top of the hill.

Situated in a booming residential suburb with high demand for mid-market housing, close to all amenities.

High ROI area as properties in this area sell fast and rentals achieving exceptional amounts

This prime development land is perfect for:

• Affordable housing development or high-end units featuring spectacular views from the top of the hill
• Sectional title duplex development
• Buy -to-let portfolio build

This will not stand long at this price. High-demand area with proven sales!

Contact me today to schedule an exclusive viewing!