Property features

R4 700 000
Rates R1598 pm

Property Details

EXCELLENT INVESTMENT OPPORTUNITY ADJACENT TO MENLYN WITH SPECIAL APPROVED ZONING FOR DEVELOPMENT PRICE EXCLUDES VAT This is a rare opportunity for developers and investors in the fast-developing area in Pretoria East, where the seller obtained the correct zoning and authorisations to develop. Large perfectly situated property adjacent to Menlyn, near all the major arterial routes, business centres and academic institutions. Zoned for offices and dwelling-units and currently utilised as professional offices (6 offices). With no additional changes, this could be a spacious residence or used as student accommodation with Varsity College a mere 590 meters walk from there, prior to redeveloping the property. As the rezoning process has been completed and sketch plans have been drawn, a developer could merely submit the plans for formal approval and immediately start the development. Final plans to be completed for submission to Council. Rezoning completed, bulk services payable. ZONING: Special “for Offices and Dwelling-units with density of 31 Dwelling-units per hectare (maximum of 6 Dwelling-units on the property). AUTHORISED OFFICE AND PENTHOUSE DEVELOPMENT: • Offices and 6 Penthouses • 75% Coverage • 4 Storeys with 99 parking places (51 semi below ground & 48 upper ground) and 2 Offices floors and one Penthouse floor. *** Plans and authorisations will be made available once a Confidentiality and Non-Disclosure Agreement has been signed. PROPERTY CURRENTLY CONSISTS OF THE FOLLOWING: • 1 982.69 sqm level property • Three bedrooms, main en-suite plus additional bathroom • Lounge with fireplace and sliding door to patio area • Dining room/study with sliding door to patio area • Open plan kitchen with breakfast counter, separate scullery and large pantry • Entrance hall with raised ceiling and skylight • Double garages, shaded carport for three vehicles and storeroom • Large walled garden with swimming- and splash pool • Thatched lapa • 24 hour armed response and alarm SEPARATE BATCHELORS GARDEN FLAT: (currently let to student) – walking distance from Varsity College, Menlyn and Glenfair Shopping Centre. • 21.60 sqm • Kitchen WITH Bic’s and sink, bathroom (shower, basin & toilet), bedroom/living room with access to large secure garden. IN CLOSE PROXIMITY TO: • Menlyn Shopping Centre – 0.74 kms • Varsity College (Tertiary Institution) – 0.59 kms • Cti Education Group (Tertiary Institution) – 1.09 kms • Glenwood Service Station – 0.37 kms • Life Healthcare Fairie Glen Hospital – 1.10 kms • Life Faerie Glen Hospital – 1.18 kms • SAPD (Garsfontein) – 1.43 kms Kindly contact agent for an exclusive appointment.