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46 Southwell Road, Port Alfred, Port Alfred, Eastern Cape
R 20 000 000
Prime Development Opportunity . Exclusive Mandate. Located on Port Alfred''s West Bank, this 132-ha property has been earmarked for mixed-use, commercial, and residential development.Currently zoned agricultural, it falls within the urban edge of the Ndlambe Municipality Spatial Development Framework, making it the only available ground categorized for future development in the area.Bordering on both sides of the R72, existing residential neighborhoods, and farmland, this ground offers exceptional potential for broad-based development. High returns can be expected along the R72 where sought-after commercial land can be developed. There are also prospects for mi-level housing estates and upmarket developments with sea, river, and country views.Situated within a 150km radius of East London and Gqeberha previously Port Elizabeth, Port Alfred is a sought-after destination for permanent living and tourist activities. The residential property market has seen significant growth post covid with Semi-gration being the largest contributor toward economic growth and development.To find out more about our market, development trends, and opportunities, contact us today! Show more Show less
Estimated monthly repayment
R 188 866
on a R 18 000 000 bond over 20 years at 11.25%
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46 Southwell Road, Port Alfred, Port Alfred, Eastern Cape
Listed by
Deon Coetzee
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