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R5,000,000

R5,000,000

37,000m² Vacant Land For Sale in Shelly Beach
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Prime Development Land in Shelly Beach: Ideal for Residential or Commercial Projects

Web Ref. RL957078
Land size 37000.00 m²
Monthly Bond Repayment
R51,609.41
This prime vacant land in Shelly Beach offers an exceptional development opportunity, located adjacent to the Shelly Beach Shopping Mall and Shelly Hospital. Spanning a reasonably flat area, the land provides a distant sea view, adding appeal to potential residential or commercial projects.

With its prime location, this property is ideal for a range of developments, including a small exclusive residential estate, retirement units, step-down hospital care facilities, or medium-cost housing. Substantial environmental work has already been completed by the seller, and the council has indicated the possibility of constructing a six-story complex, subject to meeting regulatory requirements.

The property also presents the option for commercial zoning, offering flexibility for various types of development. Additionally, there is potential to arrange direct access to the mall, depending on the final plans for the site.

With its strategic position next to key amenities, this vacant land is a rare opportunity in Shelly Beach, offering excellent potential for developers looking to capitalize on the growing demand for residential and commercial properties in the area.
Monthly Rates R2,233.78

Features

Sizes
Land Size 37,000 m²
Listing Info
Date Listed 01-10-24
Time Listed 12:25

Shelly Beach, Margate

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