This strategically positioned ±8,71Ha development land in Soweto, Johannesburg, offers a mixed-use investment opportunity, catering to both residential and commercial markets. The site is divided into Residential 1, Residential 3, and Business 1 zones, with over ±413 residential units planned. The Residential 1 erven (±4.6 ha) allows for ±371 free-standing homes, ideal for families seeking standalone housing, while the Residential 3 portion along Prospect Road permits ±42 higher-density units, suited for apartments, townhouses or cluster homes. The Business 1-zoned section, positioned at the intersection of Prospect Road and David Webster Road, offers excellent commercial potential, ideal for retail, office space, or mixed-use development. Complementing the residential and business zones, designated public open spaces enhance community living.
This prime...
This strategically positioned ±8,71Ha development land in Soweto, Johannesburg, offers a mixed-use investment opportunity, catering to both residential and commercial markets. The site is divided into Residential 1, Residential 3, and Business 1 zones, with over ±413 residential units planned. The Residential 1 erven (±4.6 ha) allows for ±371 free-standing homes, ideal for families seeking standalone housing, while the Residential 3 portion along Prospect Road permits ±42 higher-density units, suited for apartments, townhouses or cluster homes. The Business 1-zoned section, positioned at the intersection of Prospect Road and David Webster Road, offers excellent commercial potential, ideal for retail, office space, or mixed-use development. Complementing the residential and business zones, designated public open spaces enhance community living.
This prime development opportunity addresses the growing demand for low- to medium-cost housing in Gauteng, particularly in Soweto, where housing shortages persist. The site benefits from easy access to public transport, schools, retail centers, and major roads such as the R558, ensuring strong market demand. With zoning approvals in place and its strategic location within an established residential area, this land presents an exceptional investment opportunity for developers.
Features
4,6Ha Zoned Residential 1
4,1Ha Zoned Residential 3 and Business
Well-located within an established high-density residential node