Prime Development Opportunity – Portion 701, Rietfontein 189 IQ (The Wedge, Muldersdrift)
A rare 4.6329-hectare development parcel is now available for sale at R7 500 000. Situated along the highly sought-after Beyers Naudé Drive (M5) in Muldersdrift, Portion 701 forms part of the approved Greengate township and enjoys established land-use rights for Residential 2 (full-title and sectional-title units) and Residential 3 (sectional-title and rental apartments). The property is ideally positioned to benefit from the imminent upgrade of the M5, including new service roads, which will significantly enhance accessibility and value in this fast-growing corridor between Johannesburg and Krugersdorp.
This parcel represents an exceptional investment for developers or investors looking to capitalise on the strong demand for residential product in the Muldersdrift / North West Corridor. The site benefits from excellent exposure, established infrastructure in the surrounding precinct, and proximity to major highways (N14 and Beyers Naudé Drive).
Portion 701 has approved land-use rights under the proposed Greengate Extension 90 township for the following:
• Residential 2: 54 units (full-title dwellings)
• Residential 3: 136 units (sectional-title or rental apartments)
Total number of units permitted: 190
These rights are specifically allocated to Portion 701 as part of the approved township application. The development will consist of a mix of full-title houses (Residential 2) and higher-density sectional-title / rental apartments (Residential 3).
Note:
• The actual number of units that can ultimately be constructed will also depend on final site layout, density controls, parking requirements, and building-plan approval by the Mogale City Local Municipality.
• The rights become effective once the township is proclaimed.
Site Details
• Size: 4.6329 hectares = 46 329 m²
Proposed Approved Land-Use Rights (Greengate Extension 90 Township)
• Residential 2: 54 full-title units
• Residential 3: 136 sectional-title / rental apartments
• Total permitted units: 190 units
Transfer duty will apply