Nestled in the heart of Faerie Glen, this prime property presents a rare opportunity for visionary investors and developers. Spanning an impressive 7851m2, the land boasts a strategic location within the vibrant community of Faerie Glen.
One of the standout features of this property is its pre-approved rezoning, streamlining the development process for potential buyers. Documentation for zoning approval is available upon request, offering peace of mind and efficiency in planning.
Additionally, the property addresses the essential aspect of electrical bulk contributions, with all payments meticulously managed by the seller. This attention to detail ensures a smooth transition into the development phase for interested parties.
Beyond being a mere vacant stand, this property serves as a canvas for transformative development. The potential for creating a thriving project is vast, with various exciting opportunities awaiting exploration.
One such possibility includes envisioning an apartment complex featuring a multistorey structure accommodating 62 generously sized apartments, each spanning 75m2. Parking is ample, with 1 lockup and 1 undercover parking bay allocated per unit. The development plan encompasses well-designed sidewalks, paving, entrance roads, and essential services, culminating in a seamless and welcoming environment spanning 4650m2.
Alternatively, the property offers the potential for constructing three blocks of 3-storey apartments across different phases, catering to diverse preferences. Phase 1 comprises 24 units, Phase 2 includes 17 units, and Phase 3 features 21 units. Ranging from 75m2 to a generous 145m2, these units provide flexibility to meet a variety of residential needs.
This opportunity transcends a vacant stand; it presents a golden chance to shape Faerie Glen's skyline with a meticulously planned and strategically positioned development. Embrace the opportunity to turn this blank canvas into a masterpiece of modern living.
Please note: The listed price excludes VAT.
