Prime Development Opportunity with Built-In Passive Income
3,307m² Vacant Land | Palmiet | High-Exposure Billboard Revenue
Unlock the potential of this expansive 3,307m² land parcel situated in the heart of Palmiet. Offering a unique blend of development versatility and immediate financial return, this property is a standout choice for developers, owner-occupiers, or savvy investors looking for a "self-paying" asset.
Investment Highlights
Exceptional Passive Income: The property features a prominent, high-impact billboard strategically positioned to overlook the bustling Umgeni Road. This billboard generates a consistent monthly income of R10,000 to R15,000, providing immediate cash flow while you plan your development.
Massive Footprint: With over 3,300m² of land, the site offers a generous canvas for a variety of projects, ranging from residential complexes to light industrial or commercial facilities (subject to zoning).
Prime Location: Located with easy access to major transport arteries, ensuring your future development remains well-connected and highly visible.
Existing Infrastructure: The site is already partially fenced with pre-cast concrete walling and features level-to-sloped terrain with established access points.
Property Potential
Whether you are looking to build a multi-unit residential development or establish a commercial hub, the sheer size and strategic positioning of this lot offer endless possibilities. The inclusion of a high-value advertising lease makes this one of the most competitive investment opportunities currently on the market in the Palmiet area.
Don’t miss out on a property that pays for itself. Contact us today to arrange a viewing and explore the possibilities!
Unlock the potential of this expansive 3,307m² land parcel situated in the heart of Palmiet. Offering a unique blend of development versatility and immediate financial return, this property is a standout choice for developers, owner-occupiers, or savvy investors looking for a "self-paying" asset.
Investment Highlights
Exceptional Passive Income: The property features a prominent, high-impact billboard strategically positioned to overlook the bustling Umgeni Road. This billboard generates a consistent monthly income of R10,000 to R15,000, providing immediate cash flow while you plan your development.
Massive Footprint: With over 3,300m² of land, the site offers a generous canvas for a variety of projects, ranging from residential complexes to light industrial or commercial facilities (subject to zoning).
Prime Location: Located with easy access to major transport arteries, ensuring your future development remains well-connected and highly visible.
Existing Infrastructure: The site is already partially fenced with pre-cast concrete walling and features level-to-sloped terrain with established access points.
Property Potential
Whether you are looking to build a multi-unit residential development or establish a commercial hub, the sheer size and strategic positioning of this lot offer endless possibilities. The inclusion of a high-value advertising lease makes this one of the most competitive investment opportunities currently on the market in the Palmiet area.
Don’t miss out on a property that pays for itself. Contact us today to arrange a viewing and explore the possibilities!
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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.
