Zoning Mixed4 Belnem

Belnem lovers , investors & developers attention. We have a freehold lat with zoning Mixed IV in our portfolio. The lot is located on an asphalted street, 2nd block from the ocean, about 900m2 / 9688 sq ft.
Zoning Mixed IV permits buildings of up to 9m/29ft of gutter height (3 storeys) and 12m/39ft of total height including hood space.
The zoning states:

”Article 25 Mixed - IV
25.1 Zoning Description

1. The land designated as 'Mixed - IV' is intended for residential housing.
2. The land is also designated for vacation homes, resorts, hotels, and recreational apartment complexes. Within the resorts and hotels, restaurants and shops are permitted. The shops must serve and have a direct relationship with the resorts and hotels.”

• Belnem
• Building lot
• 2nd street from the ocean
• Lot size: approx 900m2 / 9688 sq ft
• Type: Freehold land
• Zoning plan: Mixed IV
• Registered as: low-key-listing
• Buyers costs (5% transfer tax & approx. 2% notary costs)