Strategically positioned at 62 Road 745, Risecliff, Chatsworth, this exceptional 5 372 m² development site enjoys excellent accessibility via the area's established road network, providing convenient connectivity to the greater Chatsworth region and surrounding suburbs. Slightly elevated above road level, the property benefits from enhanced visibility, natural drainage, and an attractive development platform. The location offers easy access to schools, places of worship, shopping centres, healthcare facilities and major transport routes, making it ideally suited for a wide range of residential and community-based developments.

Surrounding Area
Risecliff is a well-established residential suburb within Chatsworth, characterised by mature neighbourhoods, quality residential homes and a strong sense of community. The area is supported by a full range of essential amenities including schools, retail centres, medical facilities, public transport and recreational amenities. Continuous residential demand and ongoing development within the precinct make this an attractive location for both developers and long-term investors seeking sustainable growth opportunities.

Development Potential
This rare landholding presents an outstanding opportunity to unlock significant development potential. The generous extent of approximately 5,372 m² lends itself to a variety of development possibilities, including:
• Residential estate or townhouse development.
• Multiple-unit sectional title or rental accommodation.
• Retirement or lifestyle village.
• Place of worship with associated community facilities.
• Educational, training or childcare facilities (subject to the necessary approvals).
• Mixed residential and community-based developments.
Its elevated position, generous proportions and established surroundings provide developers with the opportunity to maximise the site's full potential while benefiting from existing income during the planning and approval process.

Existing Income-Producing Features
Adding immediate investment appeal, the property currently offers two established income streams:
• A residential dwelling capable of generating approximately R7,500 per month in rental income.
• A telecommunications tower providing a secure annual rental income of approximately R230,000, with a lease in place until November 2035.
These holding incomes provide investors with valuable cash flow while planning, obtaining approvals and undertaking future development.

Current Improvements
The property is improved with an existing residential dwelling together with a long-term leased telecommunications tower installation. The balance of the site offers substantial undeveloped land, creating exceptional flexibility for future expansion and redevelopment. The property's elevated topography, sizeable land parcel and strategic positioning combine to create an outstanding development opportunity rarely available within this established residential precinct.

Investment Highlights
• Prime 5,372 m² development land.
• Elevated position above road level.
• Ideal for residential or multiple-unit development.
• Suitable for a place of worship or community facility.
• Existing dwelling generating approximately R7,500 per month.
• Telecommunications tower generating approximately R230,000 per annum.
• Secure tower lease in place until November 2035.
• Excellent holding income while development approvals are obtained.
• Well-positioned within an established and sought-after residential suburb.
• Exceptional long-term investment and redevelopment potential.