South Sound 8.24 acres Prime Development Land South Sound Low Density Residential US$10,750,000 New Download brochure
411061
MLS#
0
Square feet
0
Year Built
8.00
Acreage
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Land
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Description

Rare, ultra-prime development site in the heart of South Sound.  Property is wide and deep, perfect for a single or multi-phase development of townhomes, apartments, or condominiums.  Situated in an upscale residential neighbourhood, minutes from schools, Smith Cove, George Town, and Seven Mile Beach.  Can accommodate a maximum density of 123 apartments.  Development plans are currently available for a two phase development of 90 residences, featuring an estimated return of 38 per cent.  Large sites like this are truly unique in South Sound as development pushes much further east.  Either land bank for future capital appreciation, or develop now, to realize a strong profit from the ever increasing demand for residences close to George Town and Seven Mile Beach.  Vendor is motivated.  This really is a triple A investment opportunity!

Additional Features

    General

  • Furnished: No

    Kitchen

  • Oven: [object Object]
  • Washer: [object Object]

    Interior

    Outdoor

  • Garage: No
  • Porch:
Michael Binckes Sales Associate +1 (345) 945 2011
Kim Lund Broker / Owner +1 (345) 949 9772

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