Unique Mixed-Use Residential Development Opportunity

Prime Location in Dunkeld West - Access is available from 2 streets (one busy street, one quiet street)

BUSINESS 1 Zoning on Stand 1, and Residential 4 Zoning on Stand 2 - the stands are next to each other and combined they are ideal for a mixed-use development!

Serious seller, negotiating all written offers from R16 000 000 and more - asking price R23 000 000

CALL NOW FOR A VIEWING!

STAND 1

- Zoning: BUSINESS 1 (Use Zone 6)
- FAR: 2.0
- Height: 5 Storeys (an additional store may be permitted)
- Density: 400 dwellings per hectare (max 107 units on this site)
- Coverage: 100 percent parking / 50 percent other structures

Mixed-use Primary Rights include:

- Business purposes
- Shops
- Residential buildings
- Place of instruction
- Hotel
- Social halls
- Restaurants
- Car sales lot/motor showrooms
- Showrooms
- Offices
- Public or private parking area
- Institutions
- Religious purposes,
- Dwelling units
- Sport and recreation clubs,
- Warehouse
- Banks/building societies
- Medical suites

STAND 2

- Zoning: Residential 4 Use Zone 4
- Height: 4 storeys (additional storey may be permitted)
- Coverage: 100 percent for basement parking and other structures, and 50 percent for all other structures
- FAR: 2.0
- Density: 400 dwellings per hectare (max of 118 permitted on this site)

- Primary Rights: Dwelling Units and Residential buildings with ancillary and related uses

- Secondary Rights: Religious purposes, places of instruction, childcare centre, social halls, institutions, special, buildings, sport, and recreation clubs, public or private parking areas, medical consulting rooms, guest house

There are currently a couple of small structures on the property that function as showrooms.

Property Reference #: RL18088

Agent Details:
Ziel Bergh
Firzt Realty (Pty) Ltd
44 Glenhove Road
Melrose Estate
Johannesburg