R695,000 | 1,978m² Vacant Land For Sale in Fort England

Discover the perfect location for your next townhouse development project! This spacious 1,978 sqm vacant plot, situated on Belmont Valley Road in the Fort England neighborhood, offers a unique opportunity to create a vibrant townhouse complex. The plot has received consent for 12 two-bedroom starter homes, with the approval expiring in August 2025.

Its strategic location, just a few hundred meters from the entrance to Fort England Hospital, enhances its appeal, making it an excellent site for a residential development that caters to professionals, families, and investors alike. The property is also conveniently located near the Shoprite shopping center and provides easy access to the N2, CBD, and Belmont Valley Golf Club.

With the demand for quality housing continuing to rise in Grahamstown, now is the ideal time to seize this opportunity and enter the residential property market.

There is also an option to purchase half of the development land for R369,000 on a 125-year lease (subject to negotiation). This flexible arrangement would allow the developer to first construct the block closest to the road, allowing for greater visibility and accessibility. Once the initial phase is completed, the developer could then secure and develop the remaining portion of the land at a later date, facilitating a strategic and phased approach to the overall project.