Vacant Land earmarked for a New Development with Residential 4 Zoning, now for Sale in Faerie Glen!

An excellent opportunity awaits the developer who invests in this project. Since this perfectly located stand has Residential 4 Zoning, a 4-storey apartment building with 44 luxury apartments and 59 parking bays are envisioned.

Given that the rezoning was already approved by the Tshwane Council the land is ideal for the developer who wants to commence with the project without being hindered by time constraints caused by the approval process.

The stand is ideally situated adjacent to Atterbury Road but enjoying access from a quiet street. The stand is across the road from Pick ‘n Pay and in very close proximity of amenities like Menlyn Mall, Menlyn Main, Atterbury Value Mart, Pick ‘n Pay Hyper Market, a hospital, several schools and easy access to major roads and N1 highway.

The building plans still needs final approval thus giving the purchaser the option to alter the layout of the proposed apartments. The layout of the proposed apartments are as follows:

(Please refer to pictures marked A, B and C).

A. 16 x 2 bedroomed flats of 70.5m².

B. 36 x 1 bedroomed flats of 30m².

C. 12 Loft Units of 42.5m².

Bulk services are for the purchaser’s costs and are estimated at R1 200 000.00 If the layout of the apartment block is changed to a 3-storey building, the bulk costs will understandably be reduced.

There are 2 dwellings on the property that needs to be demolished prior to development. An additional waterpipe needs to be installed and connected. This will be for the account of the purchaser.

Additional appealing features of the location:

• There is a borehole on the property.

• The site is connected to a 250 GB fibre line.

• No loadshedding in Faerie Glen.

Two options to procure the stand are available so please contact me for a viewing and more details.