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LUCRATIVE INVESTMENT OPPORTUNITY ADJACENT TO MENLYN WITH SPECIAL ZONING APPROVED - FOR DEVELOPMENT
R 6,500,000
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):3
Bathrooms (#):2
Parking:Garage
Description
LUCRATIVE INVESTMENT OPPORTUNITY ADJACENT TO MENLYN WITH SPECIAL ZONING APPROVED - FOR DEVELOPMENT
PRICE EXCLUDES VAT
Rare opportunity for developers and investors in the fast-developing area in Pretoria East.
Large perfectly situated property adjacent to Menlyn, near all the major arterial routes, business centres and academic institutions.
Zoned for offices and dwelling-units and currently utilised as professional offices (6 offices). With no additional changes, this could be a spacious residence or used as student accommodation with Varsity College a mere 590 meters walk from there, prior to redeveloping the property.
As the rezoning process has been completed and sketch plans have been drawn, a developer could merely submit the plans for formal approval and immediately start the development. Final plans to be completed for submission to Council. Rezoning completed, bulk services payable.
ZONING:
Special “for Offices and Dwelling-units with density of 31 Dwelling-units per hectare (maximum of 6 Dwelling-units on the property).
AUTHORISED OFFICE AND PENTHOUSE DEVELOPMENT:
• Offices and 6 Penthouses
• 75% Coverage
• 4 Storeys with 99 parking places (51 semi below ground & 48 upper ground) and 2 Offices floors and one Penthouse floor.
*** Plans and authorisations will be made available once a Confidentiality and Non-Disclosure Agreement has been signed.
PROPERTY CURRENTLY CONSISTS OF THE FOLLOWING:
• 1 982.69 sqm level property
• Three bedrooms, main en-suite plus additional bathroom
• Lounge with fireplace and sliding door to patio area
• Dining room/study with sliding door to patio area
• Open plan kitchen with breakfast counter, separate scullery and large pantry
• Entrance hall with raised ceiling and skylight
• Double garages, shaded carport for three vehicles and storeroom
• Large walled garden with swimming- and splash pool
• Thatched lapa
• 24 hour armed response and alarm
SEPARATE BATCHELORS GARDEN FLAT: (currently let to student) – walking distance from Varsity College, Menlyn and Glenfair Shopping Centre.
• 21.60 sqm
• Kitchen WITH Bic’s and sink, bathroom (shower, basin & toilet), bedroom/living room with access to large secure garden.
IN CLOSE PROXIMITY TO:
• Menlyn Shopping Centre – 0.74 kms
• Varsity College (Tertiary Institution) – 0.59 kms
• Cti Education Group (Tertiary Institution) – 1.09 kms
• Glenwood Service Station – 0.37 kms
• Life Healthcare Fairie Glen Hospital – 1.10 kms
• Life Faerie Glen Hospital – 1.18 kms
• SAPD (Garsfontein) – 1.43 kms
Kindly contact agents for an exclusive appointment.
Has Pool
Property Reference #: 6222325
Agent Details:
Alett Nel
CLE Properties
12 Duffton Way
Aston Manor
Kempton Park
PRICE EXCLUDES VAT
Rare opportunity for developers and investors in the fast-developing area in Pretoria East.
Large perfectly situated property adjacent to Menlyn, near all the major arterial routes, business centres and academic institutions.
Zoned for offices and dwelling-units and currently utilised as professional offices (6 offices). With no additional changes, this could be a spacious residence or used as student accommodation with Varsity College a mere 590 meters walk from there, prior to redeveloping the property.
As the rezoning process has been completed and sketch plans have been drawn, a developer could merely submit the plans for formal approval and immediately start the development. Final plans to be completed for submission to Council. Rezoning completed, bulk services payable.
ZONING:
Special “for Offices and Dwelling-units with density of 31 Dwelling-units per hectare (maximum of 6 Dwelling-units on the property).
AUTHORISED OFFICE AND PENTHOUSE DEVELOPMENT:
• Offices and 6 Penthouses
• 75% Coverage
• 4 Storeys with 99 parking places (51 semi below ground & 48 upper ground) and 2 Offices floors and one Penthouse floor.
*** Plans and authorisations will be made available once a Confidentiality and Non-Disclosure Agreement has been signed.
PROPERTY CURRENTLY CONSISTS OF THE FOLLOWING:
• 1 982.69 sqm level property
• Three bedrooms, main en-suite plus additional bathroom
• Lounge with fireplace and sliding door to patio area
• Dining room/study with sliding door to patio area
• Open plan kitchen with breakfast counter, separate scullery and large pantry
• Entrance hall with raised ceiling and skylight
• Double garages, shaded carport for three vehicles and storeroom
• Large walled garden with swimming- and splash pool
• Thatched lapa
• 24 hour armed response and alarm
SEPARATE BATCHELORS GARDEN FLAT: (currently let to student) – walking distance from Varsity College, Menlyn and Glenfair Shopping Centre.
• 21.60 sqm
• Kitchen WITH Bic’s and sink, bathroom (shower, basin & toilet), bedroom/living room with access to large secure garden.
IN CLOSE PROXIMITY TO:
• Menlyn Shopping Centre – 0.74 kms
• Varsity College (Tertiary Institution) – 0.59 kms
• Cti Education Group (Tertiary Institution) – 1.09 kms
• Glenwood Service Station – 0.37 kms
• Life Healthcare Fairie Glen Hospital – 1.10 kms
• Life Faerie Glen Hospital – 1.18 kms
• SAPD (Garsfontein) – 1.43 kms
Kindly contact agents for an exclusive appointment.
Has Pool
Property Reference #: 6222325
Agent Details:
Alett Nel
CLE Properties
12 Duffton Way
Aston Manor
Kempton Park
Id Subtitle 1248136960
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Estimated monthly repaymentR 70,441
Total property loan amountR 6,500,000
Total interestR 10,405,831
Total repaymentR 16,905,831
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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CLE Properties
Selling for 3+ years
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