PRIME DEVELOPMENT OPPORTUNITY: VERSATILE VACANT LAND OVERVIEW ***VAT EXCLUDED***

Covering an area of 1058m², this parcel of land presents extensive possibilities for diverse development endeavors. It falls under the Residential 2 zoning classification, allowing for residential constructions up to a height zone of 5. Additionally, it permits commercial utilization, with a maximum gross lettable business floor area of 200m². Business parking requirements are stipulated at 6 spaces per 100m² of gross lettable floor area, along with a designated loading space.
For rental purposes, the property ensures adequate parking provisions, offering 6 spaces per 100m². Moreover, besides the standard zoning provisions, the land holds potential for institutional use, subject to acquiring necessary special permissions.
The appeal of the property is further enhanced by the presence of a newly constructed office building and secure fencing encompassing the area. Positioned strategically next to a retirement village, it presents distinctive development prospects tailored to meet the demands of the local community.
With its adaptable zoning regulations and advantageous proximity to a retirement community, this vacant land offers limitless development potential. Whether you envision residential, commercial, or institutional projects, seize this exceptional opportunity and unlock its full potential. Contact us today to explore how you can commence your development journey with this prime piece of land.