Property features

R11 250 000
Levies R500 pm
Rates R1500 pm

Property Details

Prime commercial development land opposite regional mall This land has a prime location opposite the regional shopping centre Cradlestone Mall. In close proximity to Featherbrooke Estate, Silverstar Casino and Netcare Pinehaven Hospital, and less than 700m from the N14 highway leading to Krugersdorp, Centurion and Pretoria. Gautrans has now been given approval to construct the much-anticipated N14 flyover, and construction is planned to commence in the near future. The proposed layout of the flyover is shown in the aerial photo. The township has been approved, pre-proclamation. The site offers 15,764 m2 commercial land which is zoned “Business 2” with primary rights for shops, offices, residential and hotel buildings. Additional rights with consent of the council include Place of Public Worship, Place of Instruction, Place of Amusement, drive-through restaurant, institution, filling station, social hall, and public garage. The smaller remaining erf of 2,988 m2 (Erf 7) is be zoned “private open space”. Access to the site will be from Furrow road. The Business 2 zoned portion has a permitted bulk of FAR 0.6, 50% coverage, two storeys. The bulk allows around 9,460 m2 of total floor area to be developed on the site. There is a house, swimming pool, cottage and triple garage building on the property. However, these structures will be sold completely voetstoots (no electrical compliance certificate provided) since the property is being sold as land for future development. Can also offer 38 Hectares development land in the area for R26 Million.