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Development Land in Walmer Business Hub

Land, Buy | South Africa, Eastern Cape, Port Elizabeth, Walmer
Asking price-Icon
2,200,000 ZAR
Approx. 120,750 USD
Asking price
Lot Size-Icon
12,443.08 sqft
Lot Size
Asking price-Icon
2,200,000 ZAR
Approx. 120,750 USD
Asking price

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What you should know about this plot of land

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 land including 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.

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Contact your personal advisor
Engel & Völkers Port Elizabeth

Commission Details

Agent's Professional Fee is included in the price advertised.

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