THIS IS A PROPERTY WITH ALL THE APPROVED MUNICIPAL COMPLIANCES FOR SOCIO ECONOMIC DEVELOPMENT.IT IS ZONED AS A LIMITED BUSINESS AREA, ALLOWING FOR AN INTEGRATED DEVELOPMENT, INCLUDING RESIDENTIAL, RETAIL AND SERVICE STATION.IT WILL ACCOMMODATE 500 FLATS IN THE FIRST PHASE OF THE DEVELOPMENT.
THERE IS AN ADJACENT 5.5Ha OF VACANT MUNICIPAL LAND FOR FURTHER DEVELOPMENT AND THE POTENTIAL BUYER WOULD AUTOMATICALLY HAVE FIRST LEGAL OPTION ON THIS LAND ENABLING FURTHER PHASES OF DEVELOPMENT.
THIS AREA OF LAND IS THE LAST AVAILABLE SITE FOR SOCIO ECONOMIC DEVELOPMENT WITHIN THE PIETERMARITZBURG PRECINCT.
* 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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