R 1 650 000

Vacant Land / Plot for Sale in Cove Ridge East

Cove Ridge East, East London

8.85 ha
- m²: 88 500 m²
- Hectares: 8.85 ha
- Acres: 21.869 acres

Prime Development Opportunity: 8.85 Hectares of Flat Land with Dam

Nestled within a bustling business district, this 8.85-hectare plot presents an exceptional opportunity for property developers and small-scale farmers alike. Boasting a flat terrain and featuring a picturesque dam, this parcel of land offers a myriad of possibilities for visionary investors.

Key Features:

Flat Topography: The land is characterized by its flat topography, providing an ideal canvas for development projects ranging from residential complexes to commercial ventures.

Natural Water Source: A sizable dam graces the property, offering a reliable source of water for agricultural endeavors or recreational purposes. Its tranquil waters enhance the property's aesthetic appeal and add to its potential for diverse usage.

Residential Potential: Despite the current state of the house on the premises, which has succumbed to vandalism due to non-occupation, its...

Nestled within a bustling business district, this 8.85-hectare plot presents an exceptional opportunity for property developers and small-scale farmers alike. Boasting a flat terrain and featuring a picturesque dam, this parcel of land offers a myriad of possibilities for visionary investors.

Key Features:

Flat Topography: The land is characterized by its flat topography, providing an ideal canvas for development projects ranging from residential complexes to commercial ventures.

Natural Water Source: A sizable dam graces the property, offering a reliable source of water for agricultural endeavors or recreational purposes. Its tranquil waters enhance the property's aesthetic appeal and add to its potential for diverse usage.

Residential Potential: Despite the current state of the house on the premises, which has succumbed to vandalism due to non-occupation, its presence underscores the feasibility of residential development. With the right vision and investment, this plot could be transformed into a vibrant residential community, catering to the needs of the growing population in the area.

Commercial Viability: Given its strategic location amidst thriving businesses, the property holds immense commercial potential. Entrepreneurs and developers can capitalize on the proximity to existing enterprises, tapping into the local market demand for retail spaces, offices, or industrial facilities.

Utilities Access: The property benefits from the convenience of three-phase electricity supply, facilitating seamless integration of modern amenities and infrastructure for any development project.

Opportunity Awaits:

With its ample size, favorable terrain, and strategic location, this 8.85-hectare plot beckons to visionary investors seeking to make their mark in property development or small-scale farming. Whether you envision a residential enclave, commercial hub, or agricultural oasis, this versatile property promises boundless possibilities for growth and prosperity.

Don't miss out on this rare opportunity to shape the landscape of tomorrow. Contact us today to unlock the potential of this prime piece of real estate.

Listing number: P24-114411408, Image number: 1

Listing number: P24-114411408, Image number: 2

Listing number: P24-114411408, Image number: 3

Listing number: P24-114411408, Image number: 4

Listing number: P24-114411408, Image number: 5

Property Overview

Listing Number

114411408

Type of Property

Vacant Land / Plot

Listing Date

16 May 2024

Erf Size

8.85 ha

Pets Allowed

Yes

External Features

Parking

10

Garden

Yes

Other Features

Pool

Fenced

Backup Water

No

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.