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7851m2 VACANT LAND FOR DEVELOPMENT FOR SALE IN FAERIE GLEN
R 13,500,000
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General Details
Location:
For Sale By:Agency
Description
Welcome to a prime property nestled in the heart of Faerie Glen, offering a rare opportunity for a visionary investor or developer. This expansive piece of land spans an impressive 7851m2, boasting a strategic location that places it in the heart of Faerie Glen's vibrant community.
REZONING:
The property comes with the added advantage of already having all necessary rezoning in place, streamlining the development process for prospective buyers. (Documentation of zoning approval available on request)
BULK CONTRIBUTIONS:
A key highlight is that the electrical bulk contributions have been meticulously taken care of, with all payments made by the seller.
DEVELOPMENT OPPORTUNITIES
This vacant stand is not merely a piece of land; it is a canvas for transformative development. The possibilities are vast, and the groundwork for a thriving project is already laid out.
Among the exciting development opportunities available, consider the prospect of an apartment complex that envisions a multistorey structure housing 62 apartments, each generously sized at 75m2. Ample parking is provided with 1 lockup and 1 undercover parking bay allocated per unit. The development plan includes meticulously designed sidewalks, paving, entrance roads, and essential services, creating a seamless and inviting environment. The total development area for this option is an expansive 4650m2.
Alternatively, explore the potential of constructing three blocks of 3-storey apartments, each phase offering a unique blend of sizes to cater to diverse preferences.
Phase 1 24 units,
Phase 2 17 units, and
Phase 3 21 units.
The unit sizes range from 75m2 to a generous 145m2, providing flexibility and catering to various residential needs.
This is more than a vacant stand; it's a golden opportunity to shape the skyline of Faerie Glen with a thoughtfully planned and strategically positioned development. Seize the chance to turn this canvas into a masterpiece of modern living.
PLEASE NOTE : THIS PRICE EXCLUDES VAT
Property Reference #: 2202697
Agent Details:
Ronnie & Elaine Smyth
Karis Properties
553 Jacqueline Drive,
Garsfontein,
Pretoria East,
0042
Constantia Park
181
REZONING:
The property comes with the added advantage of already having all necessary rezoning in place, streamlining the development process for prospective buyers. (Documentation of zoning approval available on request)
BULK CONTRIBUTIONS:
A key highlight is that the electrical bulk contributions have been meticulously taken care of, with all payments made by the seller.
DEVELOPMENT OPPORTUNITIES
This vacant stand is not merely a piece of land; it is a canvas for transformative development. The possibilities are vast, and the groundwork for a thriving project is already laid out.
Among the exciting development opportunities available, consider the prospect of an apartment complex that envisions a multistorey structure housing 62 apartments, each generously sized at 75m2. Ample parking is provided with 1 lockup and 1 undercover parking bay allocated per unit. The development plan includes meticulously designed sidewalks, paving, entrance roads, and essential services, creating a seamless and inviting environment. The total development area for this option is an expansive 4650m2.
Alternatively, explore the potential of constructing three blocks of 3-storey apartments, each phase offering a unique blend of sizes to cater to diverse preferences.
Phase 1 24 units,
Phase 2 17 units, and
Phase 3 21 units.
The unit sizes range from 75m2 to a generous 145m2, providing flexibility and catering to various residential needs.
This is more than a vacant stand; it's a golden opportunity to shape the skyline of Faerie Glen with a thoughtfully planned and strategically positioned development. Seize the chance to turn this canvas into a masterpiece of modern living.
PLEASE NOTE : THIS PRICE EXCLUDES VAT
Property Reference #: 2202697
Agent Details:
Ronnie & Elaine Smyth
Karis Properties
553 Jacqueline Drive,
Garsfontein,
Pretoria East,
0042
Constantia Park
181
Id Subtitle 1250848521
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Estimated monthly repaymentR 146,301
Total property loan amountR 13,500,000
Total interestR 21,612,109
Total repaymentR 35,112,109
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Karis Properties
Selling for 5+ years
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