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0 Lorraine, 15 Montmedy, Lorraine, Port Elizabeth (gqeberha), Eastern Cape
R 8 000 000
CALLING ALL DEVELOPERS!!! 15 MONTMEDY ROAD - One of the last of its kind in this area! Prime 2.5-hectare development site in Lorraine Zoned RES 1 and TRAN 1, ideal for mid-density, transit-oriented housing.Overview:Situated between established townhouse communities, this ready-to-develop parcel offers a high-potential infill opportunity in a proven residential corridor. Zoning RES 1 with TRAN 1 overlay supports a versatile residential product mix aligned with market demand for walkable, transit-adjacent living.- Infill location: Immediate integration with existing townhouse clusters reduces infrastructure risk and accelerates time-to-market.- Zoning RES 1 development with TRAN 1 overlay enables a mix of mid-density housing and transit-oriented design, with potential for stacked or low-rise apartment formats andor walkable townhouse blocks subject to approvals.- Serviced and connected: Well-positioned for utilities and municipal services strong street frontage and frontage alignment with current road network to support phased development.- Demand-driven product: Proximity to schools, parks, retail, and employment hubs supports a compelling demand profile for mid-density housing.- Phased delivery potential: Enables staged development to match market absorption and financing timelines.Zoning & Development potential:- RES 1: Residential density suitable for townhouses, duplexes, and related uses. Opportunities for retirement village or nursing home.- TRAN 1 overlay: Transit-oriented provisions that favour higher densities and pedestrian-friendly design near transit nodes subject to final municipal approvals and design guidelines.All concept plans and density envelopes to be confirmed with the local planning departmentSite summary:- Land area: 2.5 hectares- Location: Infill site between existing townhouse communities in LorraineAccess: Direct or near-term access via adjacent collector streetsFor more information, contact us today! Show more Show less
Estimated monthly repayment
R 75 546
on a R 7 200 000 bond over 20 years at 11.25%
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0 Lorraine, 15 Montmedy, Lorraine, Port Elizabeth (gqeberha), Eastern Cape
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
Listed by
Nomvula Khumalo
Unclaimed listing — claim it to verify
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