R 3 680 000 | land property for sale in van der stel

This prime General Business 3–zoned property offers an exceptional development opportunity for investors and developers. The site supports a wide range of potential projects, including apartment buildings, retail stores, or mixed-use developments. Ideally positioned on the corner of School and Main Road in Somerset West, it provides excellent visibility, strong rental potential, and ample on-site parking. The property comes with fully approved plans and existing development rights for 54 modern apartment units and a 350 sqm commercial space on street level. The site is perfectly suited for residential or retail use, and the SPD can be adjusted to meet specific client requirements. As an added advantage, VAT will not be applicable to this sale, further enhancing its investment appeal.