148,900m² Vacant Land For Sale in Montrose

R11,000,000

Monthly Bond Repayment R119,207.78
Calculated over 20 years at 11.75% with no deposit.

Web Ref No KEP35364

R 11 000,000 - 14.89 hectates Vacant Land for Sale in Montose

Zoned Agriculture, this 14,89 Ha tract of land in this northern area of the city is ideally positioned to be developed, for example ( subject to application) as an up-market, ecologically based, residential estate, or to live in a peaceful farm-like environment, yet near the City. Comprising some pastured paddocks, large plantations, and remnant indigenous forest areas, similar to the nearby Ferncliffe conservancy, this property borders uMngeni Municipality/Hilton Mount Verde. From its elevated position, it has outstanding views overlooking Queen Elizabeth Park and Pietermaritzburg. Set in a, restful, and serene environment it remains within easy access to all the nearby city amenities, schools, and shopping malls. Please feel free to call me to arrange a site visit and discuss development options, planning, and processes.
If you wish to go the Eco Residential Estate route a Town Planning Rezoning and Environmental Impact Assessment, will be necessary, as part of the initial process. This land and adjacent vacant portions also for sale (essentially the last large vacant land in this prime area) can be combined for a larger up-market, Eco-Estate.
Currently zoned for agriculture, buildings required for such purposes, such as Dwellings and outbuildings, are permissable in terms of the Msunduzi Town Planning Scheme. Old/derelict buildings from previous farming operations exist and come with the property. Their retention or demolition can be decided on by the new owner.

Features

Land Size 148,900m²

Extras Security Gate
Views: Bush
Views: Mountain
Views: Park
Views: Private
Locality: Close To Schools
Locality: Close To Shops
Land Contour: Flat To Sloping
Water Supply: Town Supply