3 307 m² Land available in Palmiet

Prime Development Opportunity with Built-In Passive Income 3,307m2 Vacant Land | Palmiet | High-Exposure Billboard RevenueUnlock the potential of this expansive 3,307m2 land parcel situated in the heart of Palmiet. Offering a unique blend of development versatility and immediate financial return, this property is a standout choice for developers, owner-occupiers, or savvy investors looking for a self-paying asset.Investment HighlightsExceptional Passive Income: The property features a prominent, high-impact billboard strategically positioned to overlook the bustling Umgeni Road. This billboard generates a consistent monthly income of R10,000 to R15,000, providing immediate cash flow while you plan your development.Massive Footprint: With over 3,300m2 of land, the site offers a generous canvas for a variety of projects, ranging from residential complexes to light industrial or commercial facilities subject to zoning.Prime Location: Located with easy access to major transport arteries, ensuring your future development remains well-connected and highly visible.Existing Infrastructure: The site is already partially fenced with pre-cast concrete walling and features level-to-sloped terrain with established access points.Property PotentialWhether you are looking to build a multi-unit residential development or establish a commercial hub, the sheer size and strategic positioning of this lot offer endless possibilities. The inclusion of a high-value advertising lease makes this one of the most competitive investment opportunities currently on the market in the Palmiet area.Dont miss out on a property that pays for itself. Contact us today to arrange a viewing and explore the possibilities! Show more Show less