R 12 500 000 | land property for sale in maitland

Mixed-Use Low cost housing/Student Accommodation development opportunity in the Urban Development Zone! The site is perfectly located on Voortrekker Road on the border of Kensington and Maitland. Maitland is situated along a number of important transport networks connecting the Cape Town City Centre to the rest of the city. The most important being Voortrekker Road, the railway line that runs through the middle of the suburb and the N1 that is situated on its northern boundary. The area has always been an important transport hub for the city. Voortrekker Road has been identified by the Western Cape Government as a spatial 'Integration Zone' ideal for affordable housing - the corridor is also referred to as the 'urban core' of Cape Town, supporting 183,000 jobs in close proximity to industrial, logistical and service nodes. Furthermore this site falls within the Urban Development Zone (UDZ) for Cape Town providing significant tax incentive for residential and commercial development. The development parameters are as follows: * Floor factor (bulk): 4 * Maximum height above base level: 25 m * Coverage: 100% * Setbacks: 0,0m up to a height of 10 m and 4,5 above 10 m. * Parking: Parking may be provided on the ground floor within 10m of the road reserves. Please contact for more information.