An exceptional opportunity to develop a townhouse complex in one of Knysna’s most sought-after locations. This property combines historic character with future development potential — a rare find! Currently zoned Residential One, with the option to rezone for commercial use, the property includes a grand double-storey historic building that operates as a well-known, fully functioning restaurant. The upper level offers additional office space, currently tenanted and generating excellent net income — providing a solid return while development plans are being finalized. The sale includes two consolidated erven, offering ample space for creative design and planning. This site allows you to blend Knysna’s old-world charm with modern living – ideal for townhouses, mixed-use developments, or boutique accommodations.There are two access points – one currently in use from Waterfront Drive, and a secondary access from the opposite side, allowing for flexible entry/exit routes for future use. Do not miss this unique opportunity to shape Knysna’s skyline while enjoying strong holding income and spectacular lagoon views.