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Steelpoort, Steelpoort, Burgersfort, Limpopo
R 9 890 000
Prime 8.5 Ha Development Land for SaleExceptional Development Opportunity Between Burgersfort and SteelpoortPrime Location in Limpopo''s Mining HubEXTENTION OF STEELPOORTSOLD AS BUNDLE4 STANDS - RESIDENTIAL 2 - 5.69 HECTARE - 44 UNITS PER HA 250 UNITS APARTMENTS1 STAND - SPECIAL USE FILLING STATION 1 HECTARE1 STAND - BUSINESS 1.27 HECTARENestled strategically between Burgersfort and Steelpoort, this property offers unparalleled access to Limpopo''s thriving mining sector. Both towns are renowned for their robust mining activities, making them pivotal to the region''s economy.Surging Demand for Rental PropertiesThe influx of professionals and workers associated with the mining industry has led to an unprecedented demand for rental accommodations in both Burgersfort and Steelpoort. Properties in these areas are highly sought after, often being leased within days of listing.Expansive Development PotentialThis offering comprises four Residential 2 zoned stands, collectively spanning 5.7 hectares. The zoning permits the construction of up to 40 units per hectare, presenting a remarkable opportunity to develop approximately 220 residential units. A zoned fuel station of 1.3ha and a business 1 zoned stand of 1HA. Zoning is complete, stands needs to be serviced.Flexible Investment OptionsDevelopers have the flexibility to:Construct and Lease: Capitalize on the high rental demand by building units for long-term rental income.Develop and Sell: Build residential units and sell them individually, ensuring a swift return on investment.Parcel and Divest: sell portions of the land to other investors or developers, optimizing financial returns.Why Invest HereBooming Economic Activity: The proximity to major mining operations ensures a steady influx of potential tenants and buyers.Infrastructure Development: Both towns are experiencing infrastructural growth, enhancing the appeal of residential projects.Scalability: The substantial land size allows for phased development, aligning with market demand and investment strategies.Seize This OpportunityThis property is a developer''s dream, combining prime location, high demand, and versatile development possibilities. Whether aiming to build a rental portfolio or undertake a large-scale residential project, this offering stands as a gateway to significant returns in one of Limpopo''s most dynamic regions.For more information or to schedule a site visit, please contact us at your earliest convenience. Show more Show less
Estimated monthly repayment
R 93 394
on a R 8 901 000 bond over 20 years at 11.25%
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Steelpoort, Steelpoort, Burgersfort, Limpopo
Area view — the exact address is shared on enquiry.
Liivra AI market value
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Listed by
Bongani Swanepoel
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