Property description

Introducing a rare and lucrative development opportunity in the heart of Baakens Valley, South End – one of Port Elizabeth’s most sought-after and rapidly evolving precincts. This prime piece of vacant land comes with development potential for a 24-unit (72 Habitable rooms) residential apartment complex, offering investors and developers a high-yield prospect in a location poised for exponential growth.

Property Highlights:

Site Zoning: Residential 3B.

Approved for 24 Modern Apartments (with potential mix of 1- and 2-bedroom units).

Size: Generous erf allowing for efficient layout and design.

Views & Surroundings: Nestled in the scenic Baakens River Valley, offering greenbelt views and a tranquil, urban-lifestyle blend.

Location: Strategically located in South End, minutes from the beachfront, CBD, airport, and major transport routes.

Development Potential:

Ideal for Student Accommodation, Young Professionals or Short-Term Rentals.

High demand in the area driven by proximity to NMB Stadium, universities, and commercial hubs.

Aimed at lifestyle buyers and tenants seeking urban convenience with natural surroundings.

Investment Appeal:

Strong rental demand with above-average yields in the area.

Government and municipal support for urban regeneration in Baakens Precinct.

Opportunity to benefit from off-plan sales or sectional title scheme.

Preliminary Designs & Feasibility:

Conceptual designs and financial feasibility studies are available upon request. This is a turnkey opportunity for an investor or developer to enter one of PE’s emerging hot spots with a product tailored for modern urban living.

Please note the Price includes VAT.

Contact Delyn Price to arrange an appointment to view.