Web Ref No DPR11222

This vacant stand presents an exceptional opportunity for development in a highly desirable location, making it a prime investment for those looking to capitalize on the thriving real estate market. Strategically positioned and already zoned as Residential 2, this property is ready for the creation of a residential development that can accommodate seven units, providing a significant scope for return on investment. The fact that the property has received approval for seven units under Residential 2 zoning is a key advantage. This allows for the development of a multi-unit housing project, catering to the increasing demand for residential properties in the area. The approved zoning also streamlines the development process, ensuring a smoother and more efficient path from planning to execution. Moreover, the property has already settled 50% of the bulk contributions, reducing financial and administrative burdens for potential developers.

This upfront progress minimizes the time and costs typically associated with securing approvals and contributions, allowing for a quicker and more cost-effective commencement of the development. The property's proximity to essential amenities further enhances its appeal. Being close to shops and schools not only adds convenience for future residents but also enhances the marketability of the developed units. Easy access to the highway is an additional asset, facilitating commuting and improving the overall accessibility of the location. The vacant stand is essentially a canvas for creating a residential enclave that harmonizes with the surrounding community. Developers have the flexibility to design and construct seven units that meet the demand for modern, comfortable living spaces in this sought-after area. In conclusion, this vacant stand, pre-approved for seven units and already having settled 50% of bulk contributions, is a golden opportunity for developers. Its strategic location, residential zoning, and proximity to amenities and highways make it an attractive investment for those looking to contribute to the growing demand for housing in the area.