Property
Description

Property Description

Witherow Dam spans 87.63ha (728,000 m² developable, including streets), 5km from Bloemfontein CBD, embodying "Live | Work | Play." Centred around a 21.29ha perennial dam (12ha water surface), it features Phases 1 to 15 with 1,700+ residential units (55 to 65 m² using R6,500 - R12,000/m²; larger units for affluent buyers up to R15,000 - R20,000/m²), a 14.14ha cemetery, a 1.893ha FET/TVET campus, and waterfront retail. Partial services (R40 million invested) and no further services needed for dam or cemetery reduce infrastructure costs to ~R130 million for ~50ha. MMM supports and backs development and growth in previously disadvantaged areas.

Features

• Total Developable Land: 728,000 m² across Phases 1 to 15 (506,701 m² saleable, excluding 148,000 m² streets).

• Residential: 1,700+ units (55 to 65 m² using R6,500 to R12,000/m²; larger units for affluent buyers up to R15,000 to R20,000/m²), including 342 apartments in Phase 4 (14,370 m², approved for double and triple-story buildings).

• Private Cemetery: 14.14ha, scalable from 18,500 to 5,000 grave sites to facilitate additional residential opportunities.

• Education Campus: 1.893ha, serviced, R300 million potential.

• Commercial: 20,000 m² retail/healthcare/entertainment (~10% yield).

• Infrastructure: Partial services installed (R40 million, roads and including bulk stormwater, water, and sewer connections); ~R100 million needed for remaining 1,700 opportunities (~50ha). No additional services required for the dam and cemetery.

• Economic Edge: Low costs maximize ROI in an 11% CAGR market; offered at a better value than R1,000/m² AECOM benchmarks.

• MMM Rezoning: Fast-track (6 to 18 months) for growth catalysts.

Area Description

Located in the heart of Bloemfontein’s growing southern corridor, Witherow Dam benefits from strategic access to urban infrastructure, arterial roadways, and growing residential demand. The development’s proximity to major amenities, institutions, and transit routes positions it as a future-forward investment for housing, education, retail, and lifestyle components, supported by sound municipal engagement and proactive zoning approvals.

Area Amenities

Bloemfontein CBD

Twin City Mall

Central University of Technology

M10 Ring Road

Hilton High School