Web Ref No JRL18166

Prime Development Opportunity: Zoning in process for Sectional Title Units in Lincoln Meade, Pietermaritzburg

Nestled in the heart of Lincoln Meade overlooking the Bishopstowe Acaciaveld in Pietermaritzburg, this exceptional cleared 1.1-hectare development site presents a lucrative opportunity for JV investors and developers. With zoning application, site development plan and proposed unit renderings for 22 sectional title units, this property offers a canvas for creating a much needed residential enclave in a sought-after location.

Situated in the tranquil and established neighborhood of Lincoln Meade, this development site enjoys proximity to essential amenities, educational institutions, medical facilities, and recreational options. Maritzburg's city center is within easy reach, offering a vibrant urban lifestyle while maintaining a serene suburban ambiance.

Offering a streamlined pathway for development, saving time and resources for prospective developers, the expansive 1.1-hectare erf provides ample space for creative architectural designs, landscaped green areas, and modern amenities, ensuring a premium living experience for future residents.

Features:
• Strategic Location - Positioned in a desirable neighborhood with convenient access to major roads and key destinations.
• Zoning Application - Benefit from the peace of mind of already applied for zoning approvals, minimizing development hurdles and accelerating project timelines.
• Scenic Surroundings - Surrounded by picturesque landscapes and natural beauty, providing a tranquil retreat from the hustle and bustle of urban life.
• Market Demand - Pietermaritzburg's property market continues to show resilience and growth, particularly in the secure sectional title market, making this an opportune moment to invest in such a residential development.

Potential Use:
The zoning would allow for the development of 22 Sectional Title units as per proposed site plan, priced from R900,000 to R1,500,000 presenting various possibilities for configuration and design. Whether envisioning luxurious townhouses, modern apartments, or gated community living, this property offers flexibility to cater to diverse market preferences and demands.

Contact me Craig Millar today to learn more and schedule a site tour and access to a variety of essential town planning information, metrics and analysis.