Investment opportunity land
Prime, VAT-registered residential development land is available with the purchase price exclusive of VAT. The site is zoned Residential 4, allowing for development of up to 7 storeys with a FAR of 4.0 and a density of 35 dwelling units. Coverage permits 100% for basements and 80% for all other floors. Municipal contributions have not yet been paid and are currently estimated at R3.4 million should the full zoning potential be utilised, with reduced costs applicable if fewer units are developed.
The property includes architectural plans for a 35-unit apartment building compliant with current zoning, along with a geotechnical survey and available Phase 1 and Phase 2 consulting engineer reports. An alternative concept design for five four-storey townhouses, which do not require basement parking, is also available. All existing professional appointments, including architects, engineers, and town planners, will be transferred, with scope to renegotiate outstanding contracts. Positioned on a high-visibility street in the heart of one of Johannesburg’s rapidly growing high-end metropolitan nodes, this is a rare development opportunity at an exceptional price point.
The property includes architectural plans for a 35-unit apartment building compliant with current zoning, along with a geotechnical survey and available Phase 1 and Phase 2 consulting engineer reports. An alternative concept design for five four-storey townhouses, which do not require basement parking, is also available. All existing professional appointments, including architects, engineers, and town planners, will be transferred, with scope to renegotiate outstanding contracts. Positioned on a high-visibility street in the heart of one of Johannesburg’s rapidly growing high-end metropolitan nodes, this is a rare development opportunity at an exceptional price point.
Features
Zoning
Sizes
Listing Info
Rosebank, Johannesburg
- Street map
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Finance
Total Amount Repayable
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Monthly Repayment
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Disclaimer
While every effort will be made to ensure that the information contained within the Newpoint Property Group website is accurate and up to date, Newpoint Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
