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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
R 9 650 000
This consolidated 10,000 m² plot of land presents an exceptional opportunity for developers and investors looking to capitalise on a high-potential development site. Perfectly positioned in a peaceful and highly investable suburb, this expansive property offers the space and flexibility needed for a variety of profitable development possibilities. Ideally located just a short distance from the University of KwaZulu-Natal, the property is particularly well suited for student accommodation development, where demand for quality housing remains consistently strong. Its strategic positioning also aligns well with routes serving the Durban University of Technology, further increasing its appeal to the growing student rental market. The size and layout of the consolidated land make it equally attractive for a modern sectional title residential scheme, catering to professionals, families, or investors seeking well-located housing close to key amenities and educational institutions. With ongoing demand for accommodation near major universities, developments in these areas often benefit from high rental demand, strong occupancy rates, and attractive long-term returns. The substantial land size allows developers the opportunity to maximise density (subject to approvals) while still incorporating desirable lifestyle features such as parking, communal spaces, and modern amenities. This is a rare investment opportunity to secure a large development site in a prime location with the potential to deliver significant returns through strategic planning and development.
Estimated monthly repayment
R 91 128
on a R 8 685 000 bond over 20 years at 11.25%
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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
Listed by
Lerato Moodley
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