Unlock the potential of this expansive 1.9-hectare property situated at 8 Mercury Avenue in the highly sought-after Crowthorne Agricultural Holdings.
Located in the heart of Midrand, this prime portion of land offers a rare combination of significant scale and strategic positioning, within close proximity to major amenities like Waterfall City and the Kyalami Corner Shopping Centre.
High-Density Residential Potential
This property is a standout for developers, currently zoned for Residential 3. The site allows for a Floor Area Ratio (FAR) of 1.2 and a coverage of 50%, providing a substantial envelope for high-density residential projects. Preliminary township establishment plans have already envisioned the development of a duplex structure complex, maximising the utility of the largely vacant land.
Proven Development Readiness
Extensive groundwork has already been completed to facilitate a smooth development process:
Geotechnical Suitability: A professional geotechnical investigation confirms the site is suitable for residential development. While the upper soil layers are typical for the area, the report provides clear founding recommendations, suggesting conventional strip and spread foundations at average depths of 1.1m.
Infrastructure & Utilities:
Electricity:
A budget quote is already in place for a new 250kVA bulk supply, specifically designed for resale to future units. This includes plans for a dedicated 500kVA mini substation to be located on-site.
Sewer & Water:
Internal reviews by Johannesburg Water have acknowledged the capacity for connection to the existing sewer network. While area-wide water pipe upgrades are required by the city, the developer has the option to expedite these works to meet project timelines.
Existing Servitudes:
A registered sewer servitude of 156 m² is already accounted for, ensuring clear planning parameters from the outset.
Strategic Location
Situated on a slight northwest dip, the property offers a favourable topography for creative architectural design. Residents will enjoy easy access to the Gautrain Bus Stop (3.6km) and essential services like the MediCross Carlswald and various primary schools.
With an average sales price in the immediate area of approximately R 5.3 million, this holding represents a high-value entry point for a developer looking to capitalise on the rapid growth of the Midrand residential corridor.