Property features

R12 500 000

Property Details

**Exceptional Residential Development Opportunity in a Prime Location** Discover the unparalleled potential of this prime development land, a rare find spanning 2,434 square meters with approved zoning for Residential 4. This strategic location invites visionary developers to embark on an exclusive residential project, offering a multitude of possibilities to create an extraordinary living experience. **Key Features:** - **Approved Zoning for Residential 4:** This property boasts the coveted Residential 4 zoning, primed for the construction of a 4-storey building. Envision 44 spacious flats, each offering an impressive 55.3 square meters of living space. This zoning not only allows for high-density housing but also presents the option to reduce the scale to a 3-storey building with 33 luxury flats, perfect for an upmarket development and reducing bulk service costs. - **Flexibility in Design:** Developers are granted the creative leeway to tailor the project to their specific vision. Whether aiming for a high-density residential block or a more exclusive luxury development, the options are vast and adaptable. - **Convenient Location:** Situated near the Faerie Glen Pick & Pay Hypermarket and Atterbury Value Mart, this location offers unmatched convenience and accessibility. Future residents will enjoy easy access to shopping, dining, and essential services. - **Bulk Services:** While bulk services are not included, developers can plan for these essential utilities at an estimated cost of R1,200,000, ensuring efficient service provision for the entire development. - **Water Supply:** The site requires an additional waterpipe installation, promising a valuable resource for the project. Furthermore, an on-site borehole provides alternative water supply options, enhancing sustainability. - **Fiber-Ready:** Equipped with a 250GB Fiber line, this property ensures that residents will have access to high-speed internet and modern amenities, catering to contemporary lifestyle needs. - **Demolition Required:** To facilitate the new development, two existing houses on the property need to be demolished, streamlining the construction process and paving the way for this exciting venture. For those interested in further details regarding this lucrative opportunity, additional information will be disclosed upon the signing of a Non-Disclosure Agreement (NDA). Seize this exceptional opportunity to shape the future of residential living in a highly sought-after location. Contact Ronnie today for more information and to take the next step in realizing this visionary development project. Don’t miss out on making this remarkable venture a reality.