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Merrivale Heights, Merrivale Heights, Howick, KwaZulu-Natal
R 4 312 500
An exceptional opportunity for developers or investors to acquire a ready-to-complete residential development in the sought-after area of Merrivale Heights. This property has already been subdivided into nine individual portions, creating an ideal small-scale development opportunity in a peaceful Midlands setting. The stands range in size from approximately 900m2 to 968m2, offering generous space for comfortable residential living while still maintaining strong market appeal for future buyers. The development has been designed to operate as a secure complex-style environment, featuring perimeter walling, a central access road, and a single main entrance to provide privacy and security. Infrastructure planning for the development is already in place, with water meters allocated to each portion and pipe sleeves installed to facilitate future electrical connections. The application and installation of services would remain the responsibility of the purchaser or developer. Adding further value, one of the nine portions already includes a partially completed dwelling. The structure and roof are in place for a 150m2 home designed as a 3-bedroom, 2-bathroom residence, allowing a developer to complete the build and bring the first unit to market quickly. Located in the popular Merrivale Heights area, the property enjoys a quiet residential setting while remaining conveniently close to Howick, the N3, local schools, shopping centres, and essential amenities. The area continues to attract buyers looking for a secure lifestyle within the KwaZulu-Natal Midlands, making this an attractive opportunity for a developer looking to build and sell within a growing residential market. With much of the groundwork already completed, this development offers the chance to fast-track a boutique residential project with strong resale potential.
Estimated monthly repayment
R 40 724
on a R 3 881 250 bond over 20 years at 11.25%
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Merrivale Heights, Merrivale Heights, Howick, KwaZulu-Natal
Listed by
Lindiwe Khoza
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