South Sound 8.24 acres Prime Development Land $10,750,000

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South Sound 8.24 acres Prime Development Land
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  • Price: $10,750,000
  • Type: Low Density Residential
  • Acreage: 8.00
  • View: Garden
  • MLS: 411061

Welcome to South Sound 8.24 acres Prime Development Land

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!

Your Agent

James Bovell

James Bovell

Broker/Owner

+1 345 945 4000


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