R 12 000 000 | land property for sale in morningside

An exceptional development opportunity located in a highly sought-after area, offering two adjacent properties (2000 sqm and 4545 sqm) totaling 6545 sqm. Currently zoned Residential 1 (R1), with the potential to rezone to Residential 2 (R2), this property is ideally suited for a multi-family or cluster development. The R2 zoning allows for the construction of up to 13 residential clusters, making it a prime investment for builders and developers. This property is perfect for developers looking to create a modern cluster housing project with the potential for significant return on investment. The option to rezone to Residential 2 offers greater flexibility to build up to 13 residential clusters, making this an ideal opportunity for a high-demand housing project. The area is poised for growth, with demand for residential housing on the rise. With the correct approvals, this location could accommodate a mix of townhouses, cluster homes, or multi-family units, appealing to a wide range of buyers and renters. Don't miss out on this rare opportunity to develop a residential project in a growing area. Contact us today to learn more and schedule a viewing!