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Quay 1 International Realty

Vacant Land · For SaleRef RL542

Vacant Land for Sale in Highlands Estate

R 30 000 000

Highlands Estate, Mitchells Plain

Key facts

Type
Vacant Land
Land size
20707 m²
This 22,000m² vacant land in Highlands Estate presents a rare and highly strategic development opportunity within a well-established urban node. The site is prominently positioned at the intersection of Jakes Gerwel Drive and Morgenster Road, two key arterial routes that ensure constant traffic flow, excellent accessibility, and strong visibility. Its immediate proximity to surrounding residential communities creates a built-in consumer base, making the property particularly suitable for a shopping centre or mixed-use commercial development that can serve the daily needs of the area. Importantly, the land has previously received development approval from the Department of Environmental Affairs and Development Planning for the construction of a service station and shopping centre, confirming both the environmental suitability and planning viability of the site. This prior approval significantly reduces development risk and shortens project lead time, offering a valuable advantage to investors and developers. With its prime corner position, strong commercial potential, and established surrounding residential catchment, this vacant land represents a compelling investment prospect for the creation of a landmark retail and service destination in a high-demand location.

Good to know

What is the asking price?+

This vacant land is on the market at R 30 000 000.

How big is it?+

The land size is 20707 m².

Where is it located?+

It's in Highlands Estate, Mitchells Plain.

Bond repayment

Estimated monthly repayment

R 292 601

On a R 27 000 000 bond over 20 years at 11.75%.

Transfer costs

Purchase price
R 30 000 000
Transfer duty (SARS)
R 3 411 156
Transfer & conveyancing (est.)
R 92 250

Estimated once-off costs

R 3 503 406

Indicative only - bond registration costs excluded; your conveyancer confirms final figures.

Jambo Home Loans

Pre-qualified before you offer

Quay 1 partners with Jambo Home Loans. Get a bond pre-approval or speak to a consultant - they compare offers across the major banks on your behalf.

Call 087 474 0483

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