R1,600,000

R1,600,000

2,446m² Vacant Land For Sale in Palmiet
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Rare Development Frontier: Prime Land

Web Ref. RL7721
Land size 2446.00 m²
Monthly Bond Repayment
R15,706.29
Unmatched Potential.
Your Next Landmark Project Starts Here.
​Calling all heavy-duty developers and land-banking specialists! Opportunities of this magnitude in Palmiet are disappearing fast. We are proud to present 154 O’Flaherty Road, a sprawling 2,446m² erf that offers the scale required for a significant residential development or a massive private estate.
​The Property Snapshot
​Land Size: A substantial 2,446m² footprint.
​Current State: Overgrown vacant land featuring a dilapidated building.
​Existing Structure: A ground-floor unit consisting of 2 bedrooms, kitchen, toilet, and shower.
​Price: R1.6 Million.
​Why This is a Strategic Buy:
​Development Ready: With 2446m² of Land, this site is a prime candidate for a multi-unit complex, cluster homes, or a high-density apartment block (subject to municipal approval).
​The "Fixer" Advantage: While the existing building requires extensive renovations, it provides a footprint and existing utility connections that can jumpstart your development process.
​Strategic Location: Situated on O’Flaherty Road, this property offers excellent accessibility to local transport routes, schools, and shopping hubs, ensuring high resale or rental demand for the finished product.
​Value Per Square Meter: At an asking price of R1.6m, you are securing a massive piece of Durban real estate at a price point that leaves plenty of room for capital growth and development profit.

​Developer’s Insight: This isn't just a house; it’s a land-grab. Clear the brush, restore the structure, or level the site to make way for a modern residential masterpiece.

This property is also being sold with an adjoining 331m² property on Clare Road also listed at R1.6m
Monthly Rates R832

Features

Exterior
Pet Friendly
Sizes
Land Size 2,446 m²
Listing Info
Date Listed 24-02-26
Time Listed 09:57

Disclaimer

While every effort will be made to ensure that the information contained within the Legacy Real Estate Group website is accurate and up to date, Legacy Real Estate Group 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.