Property Details

INVESTORS/DEVELOPERS PRIME LOCATION INVESTMENT WITH NO WAITING PERIOD! This Development Land is a Great Investment Opportunity in a Sought-After Location in Faerie Glen Pretoria near major Business & Commercial Hubs, popular Residential Areas, Various Shopping, Schools & Major routes such as the N1 Highway & N4. Residential Zoning 4 rights Approved. 2453 Sqm of building space allowing for the development of Flats/Apartments - 4 Storey block. Layout approved as follows but can be changed as Final Building Plan Approval is still pending: - 16 x 2 Bedrooms units of 70.5 sqm - 36 x 1 Bedroom units of 30 sqm - 12x Loft units of 42.5 sqm - Play area of 206,25 sqm - Open space of 524,5 sqm - 59 parking spaces - The site has a 250 GB fibre line connected. - The property is equipped with a borehole. Developer can Change to a to a 3-story building with 33 flats for a more upmarket development. -Bulk Services Budget estimated at R1 200 000 (Lower if changed to a 3-Storey Building) -Two houses currently on the stand need to be demolished. -An additional waterpipe will also be needed and are for the purchaser account. Contact us to discuss the two options to purchase. Contact Agent for Purchase Options available Contact Agent for Additional Documentation & QS Report