12 stands @ R567,000 each. Total price R6.8 m ( to be rezoned)

12 stands @ R567 each - to be rezoned.
Price in total is R6.8 million
Development and investment opportunity!
Land is 4155 square meters. You can build between 8 to 12 upmarket freestanding cluster houses, as recommended by a town planner. The council will however allow & permit 60 dwelling units per hectare (25 units).
The property is a corner stand with TWO access points being Tyrwhitt and Ravenswood avenue. Dual and easy entrance for any development. Full town planner written quote and recommendation available upon request.

DO THE CALCULATION - for 12 cluster homes, each stand will cost only R567,000 (12 stands)

Excluding re-zoning, water, sewerage & electrical costs. The projected selling prices for each home upon completion starts at R3.95 m to R4.5 m. This development should sell out in no time. The average selling prices in Birdhaven is R7,5 million as per Lightstone report.

The current EXISTING house has 5 bedrooms, 4 bathrooms, 4 garages, a full 2 bedroom free standing COTTAGE, beautifully landscaped garden & POOL.
The current house, or part thereof, can be used for builders’ accommodation, storage of building material and machinery. There is an alarm, beams, electric fence and CAP patrolling 24/7. House is also available without rezoning.

HENDERSON Park, which is right opposite the property, is used by many locals for dog walking and other outdoor activities. Additionally, ETHEL GREY park, a stone’s throw away, has padel courts, walking & running paths, with a large area for leisure and play.

The prime location of Birdhaven is a leafy green suburb of Johannesburg, It is adjacent to the suburb of Melrose and is 4.7km away from Sandton. Developers and real-estate professionals use Birdhaven’s access to top schools as one of the area’s biggest drawcards.

Nearby schools include Kingsmead College, Pridwin Prep, The Ridge, St Mary’s, St David’s Marist, St John’s College, Bellavista, King David and Roedean. Hyde Park is just around the corner and tiny tots can attend Riviera Nursery School right on your doorstep in Birdhaven.

Rosebank Mall, Blubird, Melrose arch & Oaklands shopping centres, right around the corner. Greek Orthodox Church, Melrose Temple and synagogues can also be found close by.

Please call me for a discussion and viewing.

# Parking: 4
Rates And Taxes: 5090
Property Reference #: 4906

Agent Details:
Alex Nicolaou
Simpson Properties
34 Charlemagne Malan Avenue, Morninghill, 2008
Bedfordview