Prime Development Opportunity: Approved Residential 3 Zoned Property

Situated on a sprawling 5720m2 parcel of land, this property presents an exceptional opportunity for development. With approved zoning for Residential 3, it offers a versatile canvas for realizing various housing projects.

Zoning and Regulations:

• Height: 2 storeys
• FAR (Floor area ratio): 1.2
• Coverage: 60%
• Parking provisions: As per scheme
• Building lines: 5m on street boundaries
• Density: Maximum of 22 dwelling units shall be permitted on the erf (40 dwelling units per hectare).

Existing Structures: The top section of the property features a house along with several outbuildings. While these structures currently occupy the space, they offer the potential for renovation, adaptive reuse, or redevelopment in alignment with the property's future vision. Alternatively, they can be integrated into new development plans, subject to relevant approvals and considerations.

Development Potential: With its expansive size, favorable zoning, and strategic location, this property presents an enticing prospect for residential development. Prospective projects may include the construction of apartment complexes, townhouses, or mixed-use developments, catering to diverse housing preferences and market demands.

Conclusion: In summary, this 5720m2 property offers a prime opportunity for innovative residential development. With its approved zoning, generous regulations, and existing structures, it provides a solid foundation for realizing ambitious housing projects. Whether pursuing a contemporary apartment complex, charming townhouse enclave, or dynamic mixed-use development, this property promises to be a cornerstone of future urban living.

Property Reference #: 6494232

Agent Details:
Craig Luke
Kingstons Real Estate
103 Boeing Road East,
Bedfordview
Johannesburg
1401