APPROVED RESIDENTIAL Development Opportunity Newton, WELLINGTON
Approved residential development opportunity situated in the growing suburb of Newton, Wellington
This property forms part of an approved residential development and offers a combination of conventional residential opportunities together with a multi-unit development component.
Development approvals are already in place and internal roads within Phase 1 have been completed, providing developers with a significant head start compared to underdeveloped land.
Approximate extent: 16973 square meters
Zoned Subdivisional Area Zone
Approved residential development framework
Approved street naming and numbering
Existing internal road infrastructure
Conventional residential component
Multi Unit residential component
Approved density of 65 units per hectare
Potential yield of approximately 26 apartment units
Established residential location
Affordable housing development potential
Ideal For
Affordable housing
Rental developments
Sectional title projects
Plot & Plan developments
Entry level housing
Workforce accommodation
The development has already demonstrated market demand through previous residential sales and offers developers the opportunity to continue an established residential project within Wellington's growing property market.
Due Diligence in place
Development approval framework
Subdivisional Area Zoning
Street names approved
Street numbering approved
Layout approval granted
Internal roads completed
Residential market proven (Phase 1 sales)
Multi-unit component approved
Density approval in place
This property forms part of an approved residential development and offers a combination of conventional residential opportunities together with a multi-unit development component.
Development approvals are already in place and internal roads within Phase 1 have been completed, providing developers with a significant head start compared to underdeveloped land.
Approximate extent: 16973 square meters
Zoned Subdivisional Area Zone
Approved residential development framework
Approved street naming and numbering
Existing internal road infrastructure
Conventional residential component
Multi Unit residential component
Approved density of 65 units per hectare
Potential yield of approximately 26 apartment units
Established residential location
Affordable housing development potential
Ideal For
Affordable housing
Rental developments
Sectional title projects
Plot & Plan developments
Entry level housing
Workforce accommodation
The development has already demonstrated market demand through previous residential sales and offers developers the opportunity to continue an established residential project within Wellington's growing property market.
Due Diligence in place
Development approval framework
Subdivisional Area Zoning
Street names approved
Street numbering approved
Layout approval granted
Internal roads completed
Residential market proven (Phase 1 sales)
Multi-unit component approved
Density approval in place
Features
Sizes
Listing Info
Newton, Wellington
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Lew Geffen Sotheby's International Realty website is accurate and up to date, Lew Geffen Sotheby's International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
