1,874m² Office For Sale in Maitland

R6,250,000

11 Essex street

Web Ref No 7003237

Well located site for redevelopment in central Maitland close to all major industry

*Sole Mandate*

This development opportunity is located on the corner of Essex Street and Coronation Road in Maitland and offers a prime corner development site with 2811 sqm of total bulk with General Residential 4 zoning. The property would enjoy 360 degree views should it be developed as there are no neighbouring buildings obstructing. The location of this site is ideal as it is centrally located in relation to a number of major commercial areas such as Paarden Eiland, Ndabeni Industrial, Voortrekker Main Road, Amazon development (Riverlands), as well as the city periphery.

The property is currently structured as a church and is rented for a day care facility and also used as a church. Thus there is a small income producing element to the building. The property is large enough to to build additional dwellings to unlock some value should a full scale development not be actioned.

This particular area of Maitland has seen high demand for accommodation in the last few years as Cape Town sees a number of new residence calling it home.

Contact me to discuss or view this great corner proeprty.