Caversham Glen - Property Ref: f108821

Property
Description

Property Description

This is an exceptional 1.5-hectare (15 000 m²) residential development site situated in the established suburb of Caversham Glen in Pinetown, offering developers a rare opportunity to fast-track a residential project in a high-demand location in the greater Durban area. The property is currently zoned Residential 2 (Res 2) and includes approved plans for a 64-unit residential development, allowing construction to commence with minimal delay. For developers seeking greater density, the site also presents the opportunity to rezone for up to 128 residential units, subject to the necessary municipal approvals, significantly enhancing its development potential and investment returns. With development plans already prepared and key groundwork completed, the site offers substantial savings in both time and planning costs, making it an ideal acquisition for developers, investors and property funds looking to capitalise on the growing demand for quality residential accommodation in the greater Durban area. The site is development-ready and well positioned, with convenient access to major transport routes, schools, shopping centres and essential amenities. Whether the objective is to commence construction immediately using the existing approval or to maximise the site’s full development potential through increased density, this is a rare opportunity to secure a strategically located residential development site with exceptional upside. All development yields, approvals and rezoning potential are indicative only and subject to the relevant municipal approvals, zoning rights and applicable regulations; prospective purchasers should conduct their own due diligence.

Features

Land Size: 15 000 m² (1.5 ha)

Zoning: Residential 2

Approved plans: 64 residential units

Rezoning potential: Up to 128 units (subject to municipal approval)

Architectural plans: Completed

Development-ready: Yes

Road Access: Yes

Area Description

The property is located in Caversham Glen, an established residential suburb in Pinetown, in the greater Durban area of KwaZulu-Natal. The area has strong demand for quality residential accommodation and offers convenient access to schools, shopping centres, medical facilities and major transport routes, including the N3, linking Pinetown to Durban, Hillcrest and the wider eThekwini metropolitan area.

Area Amenities

The Browns’ School – approximately 1.4 km 

N3 Highway – approximately 1.4 km 

Pine Crest Centre – approximately 3.7 km 

Life The Crompton Hospital – approximately 4.0 km 

Watercrest Mall – approximately 10.9 km