The option to develop a new complex is possible if you aquire both this well located property and the neighbouring one which is also currently being advertised for sale.
This lot is a large 1012sqm and has a current R17.5/R60 zoning. Joining both lots would give a building envelope of 2024sqm which would possibly then allow for the devlopment of 10 new villas/units. Please do not hesitate to seek any further information that you may require.