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Rare Offering: High-Density Residential Property with Approved Plans for 37 Apartments in Rosebank
R 9,995,000
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):3
Bathrooms (#):2
Parking:Garage
Description
Attention all developers and property investors! An exciting opportunity has arisen in the highly desirable neighborhood of Rosebank. This prime development property measures an impressive 1859 sqm and is perfectly located just a short walk from the Keyes Art Mile and the Rosebank Mall.
This property is zoned High Density Residential with approvals already in place to build 37 apartments over 6 floors with basement parking. What's more, the zoning is exempt from the mandatory inclusion of low-cost units, making this property an even more attractive investment opportunity.
The property has a 75m x 25m footprint, and with two completed projects on neighboring properties, it's easy to envision what can be achieved here. The current house and outbuildings will need to be demolished, making way for a new iconic landmark development in the heart of Rosebank.
This is an exceptional opportunity for seasoned developers or astute investors looking to expand their portfolios. With Residential 3, 6 storey rights, coverage of 70% and a FAR of 2.8, the potential for multi-storey residential development is limitless.
The location of this property is unbeatable, with easy access to Rosebank Mall, Gautrain, and highly esteemed schools. It's the perfect blend of urban living and serene surroundings.
The existing property comprises of 3 generously sized bedrooms, a modern kitchen, and a spacious open plan living area that flows seamlessly into the dining area. Step outside and enjoy the tranquil open deck overlooking the stunning pool and lush green garden. The property also includes 2 income-generating flatlets with separate bathroom and kitchen facilities.
Don't miss your chance to create an exceptional living space in one of Johannesburg's most vibrant and sought-after neighborhoods. Contact the agent today for more information on this rare offering and take the first step towards creating a bespoke residential development that is sure to impress.
Has Pool
Property Reference #: 7002001-24490
Agent Details:
Gabriel Masilo
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
This property is zoned High Density Residential with approvals already in place to build 37 apartments over 6 floors with basement parking. What's more, the zoning is exempt from the mandatory inclusion of low-cost units, making this property an even more attractive investment opportunity.
The property has a 75m x 25m footprint, and with two completed projects on neighboring properties, it's easy to envision what can be achieved here. The current house and outbuildings will need to be demolished, making way for a new iconic landmark development in the heart of Rosebank.
This is an exceptional opportunity for seasoned developers or astute investors looking to expand their portfolios. With Residential 3, 6 storey rights, coverage of 70% and a FAR of 2.8, the potential for multi-storey residential development is limitless.
The location of this property is unbeatable, with easy access to Rosebank Mall, Gautrain, and highly esteemed schools. It's the perfect blend of urban living and serene surroundings.
The existing property comprises of 3 generously sized bedrooms, a modern kitchen, and a spacious open plan living area that flows seamlessly into the dining area. Step outside and enjoy the tranquil open deck overlooking the stunning pool and lush green garden. The property also includes 2 income-generating flatlets with separate bathroom and kitchen facilities.
Don't miss your chance to create an exceptional living space in one of Johannesburg's most vibrant and sought-after neighborhoods. Contact the agent today for more information on this rare offering and take the first step towards creating a bespoke residential development that is sure to impress.
Has Pool
Property Reference #: 7002001-24490
Agent Details:
Gabriel Masilo
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274189386
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Estimated monthly repaymentR 108,317
Total property loan amountR 9,995,000
Total interestR 16,000,966
Total repaymentR 25,995,966
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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EXP Realty
Selling for 2+ years
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