Development Land in Walmer Business Hub
- ENV174417
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What you should know about this plot of land
- 1,156 m²
Special features of this plot of land
A blank slate for commercial or residential development with elevated visibility from Main Road Walmer and views North over upper Walmer. Access is via Prospect Road.
Zoning is Business 2.
The purchase price is to purchase the right to extend and the sectional title scheme is already open and managed by Bellbuoy. The height of the extension is 12 metres or 3 floors.
Services on-site include water and sewer connections and a refuse room. Electricity would need to be cabled from Prospect Road to the site, approximately 30 metres. Foundations and support columns from ground to carpark level are already included in the purchase price and the sewer connection. The proposed residential scheme plan is completed.
High remote access gate has been installed and site is fully fenced. The eastern border is shared with SAPS Walmer Offices and surrounded by offices and retail businesses.
Development Options
* Residential apartment block – building plans have been drafted for 10 bachelor apartments and 10 loft apartments. It is also possible to convert the floorplan to 2 bedroom units.
* An office development is also possible on this site for possible shared office space. Current office layout is approximately 750m2 over two floors, in the hottest business hub in PE.
* Workshop and warehousing with a light steel structure construction is also a possibility.
You also have the option to purchase the current Trust, which holds the right to extend. The Trust is audited.
Be part of the development boom in Main Road Walmer, PE's bustling business and leisure hub.
Please call me for a private appointment to view the site and to secure your next property investment.
Virtual tour through this property
- Port Elizabeth
- Licence partner of Engel & Völkers Southern Africa (Pty) Ltd
- John Munro
- No. 11, 1st Avenue, Walmer
- 6070 Port Elizabeth · South Africa
- Phone: 0413672888
- Cell: 079 886 3998
- www.engelvoelkers.com/en-za/south-africa/port-elizabeth/
Commission Details
Agent's Professional Fee is included in the price advertised.