An excellent development opportunity awaits in the established residential area of Theresapark, Pretoria.
This 5,780m² vacant development site offers an exciting opportunity for developers and investors looking to take on a residential development project.
The property has Residential 2 – Dwelling Units land-use rights, with substantial township establishment and municipal engineering approvals already secured.
A proposed architectural concept by ARCA Unlimited has been prepared for a gated development comprising 29 double-storey townhouses, arranged in four building blocks around a central courtyard. The proposed units feature three bedrooms, two bathrooms, living areas, garages, covered carports and private garden spaces.
PROPERTY HIGHLIGHTS:
*5,780m² land area
*Residential 2 – Dwelling Units
*Approved township establishment
*Proposed development of 29 double-storey townhouses
*Architectural concept and site layout available
*Substantial municipal services approvals and agreements already in place
*Extension of time for compliance granted until September 2027
IMPORTANT INFORMATION:
The property is being sold in its current development stage. Certain engineering works, municipal development contributions and outstanding compliance requirements remain to be completed by the purchaser. Final building plan approval and further municipal processes will also be required. The proposed architectural designs are concept plans and are not approved building plans.
A comprehensive information pack, including available approvals, services agreements, architectural drawings and supporting documentation, will be made available to serious prospective purchasers upon request.
PRICE: R4 500 000.00
The selling company is not VAT registered; therefore, VAT is not applicable to the transaction. Normal transfer duty will apply.
An opportunity to acquire a well-advanced residential development project in a sought-after established area of Pretoria.