PRIME DEVELOPMENT LAND IN FAERIE GLEN FOR SALE

Property Details

Exceptional Residential Development Opportunity in a Prime Location Unlock the potential of this prime development land encompassing a generous 2,434 square meters, boasting approved zoning for Residential 4. This strategic location paves the way for an exclusive residential project that offers a multitude of possibilities for visionary developers. Key Features: • Approved Zoning for Residential 4: The property comes with the coveted Residential 4 zoning, allowing for the construction of a 4- storey building. This zoning facilitates the creation of 44 spacious flats, each with an impressive 55.3 square meters of living space. • Flexibility in Design: As a developer, you have the creative freedom to adapt the project to your specific preferences. Should you choose to go for a more upmarket development, the zoning allows for a 3-storey building with 33 luxury flats, which can significantly reduce bulk service costs. • Convenient Location: Nestled in close proximity to the Faerie Glen Pick & Pay Hypermarket and Atterbury Value Mart, this location offers convenience and accessibility for future residents. • Bulk Services: While bulk services are not included, the prospective purchaser/developer can plan for these at an estimated cost of R1,200,000. This expense ensures that all essential services are efficiently provided. • Water Supply: An additional waterpipe installation is required but provides a valuable resource for the development. Additionally, a borehole on-site offers further water supply options. • Fiber-Ready: The property is equipped with a 250GB Fiber line, ensuring residents have access to high-speed internet and modern amenities. • Demolition: Two existing houses on the property will need to be demolished to make way for the new project, streamlining the development process. Confidential Information: Further details regarding this lucrative opportunity will be disclosed upon the signing of a Non-Disclosure Agreement (NDA). For inquiries and to take the next step in realizing this remarkable venture, please contact Ronnie. Don't miss out on this exceptional opportunity to shape the future of residential living in this highly sought-after location. Contact Ronnie today for more information and to begin your journey toward a visionary development project.