Faerie Glen, Pretoria East, Gauteng ID 1209641
Vacant Land
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**Prime Development Opportunity in the Heart of Faerie Glen** Discover an exceptional investment prospect nestled in the vibrant community of Faerie Glen. This expansive 7851m² property offers a rare opportunity for visionary investors and developers seeking to make their mark in a thriving location. With its strategic positioning and ample potential, this prime land is a canvas waiting for transformative development. A key advantage of this property is its pre-approved rezoning, which streamlines the development process for prospective buyers. All necessary documentation for zoning approval is readily available upon request, providing peace of mind and facilitating efficient planning. Additionally, the seller has meticulously managed all payments concerning electrical bulk contributions, ensuring a smooth transition into the development phase. Beyond being a mere vacant stand, this property presents vast potential for creating a remarkable project. One exciting possibility includes the development of an apartment complex featuring a multistorey structure accommodating 62 generously sized apartments, each covering 75m². Ample parking is provided with one lockup and one undercover parking bay per unit. The development plan includes well-designed sidewalks, paving, entrance roads, and essential services, creating a seamless and welcoming environment across 4650m². Alternatively, there is potential for constructing three blocks of 3-storey apartments across different phases, catering to diverse residential preferences. Phase 1 consists of 24 units, Phase 2 includes 17 units, and Phase 3 features 21 units. These units range from 75m² to a substantial 145m², offering flexibility to meet a variety of residential needs. This opportunity goes beyond a vacant stand; it presents a golden chance to shape Faerie Glen's skyline with a meticulously planned and strategically positioned development. Embrace the opportunity to turn this blank canvas into a masterpiece of modern living. **Please note: The listed price excludes VAT.** For more information and to explore this unparalleled opportunity further, please contact us. Your vision awaits in Faerie Glen!
Karis Properties
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