An extremely well situated and viable business opportunity! Municipality approved Mixed use Development property .
This property comes with all completed municipal compliance for socio-economic development. It is zoned as a mixed use area, allowing for an integrated scope, including residential, retail and a fuel service station. It will be capable of accommodating 500 flats in the first phase of the development. Very recently, there has been confirmation and directional plans of the future outer ring road which happens to emerge almost at the envisaged service station on the property. This development would mean the creation of an arterial and high traffic volume route into the Pietermaritzburg CBD and connecting onto the Durban to Gauteng Highway.
There are also two adjacent municipal property's for further development, which would allow the potential buyer of the property, the first option to purchase. This would enable sustainable, long term development going forward. This area of land is probably one of the last available areas for development within Pietermaritzburgs precinct. All development info is readily available for all interested parties.
The area has suddenly become a hive of development activity,this property is now the next best opportunity This is a developers dream, arrive, turn soil and keep busy in the area for the long term.
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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