Prime Development Opportunity in Waterkloof Glen
A golden opportunity awaits developers with this prime stand in Waterkloof Glen. Spanning an impressive 2728 sqm, the property currently houses two full-title homes and is awaiting final approval to be transformed into a modern residential complex with 24 or 32 sectional title units under the residential L4 zoning.
Key Features:
- Size: A spacious 2728 sqm stand.
- Housing: Two full-title homes presently situated on the property.
- Development Potential: Awaiting final approval for the development of 24 or 32 sectional title units, accentuating its
high potential for a considerable return on investment.
- Zoning: Residential L4 zoning, ideal for modern residential complexes.
- Income Potential: The existing homes are currently rented out. This presents a unique opportunity to earn rental
income while the final approval for development is pending.
- Location: The property boasts a prime location in Waterkloof Glen, a sought-after area. It is conveniently close to
two major shopping centres: Menlyn Maine and Menlyn, ensuring future residents will have easy access to
shopping, dining, entertainment, top schools as well as easy access to main roads.
Opportunity:
This is not just a property; it's an opportunity to craft a modern residential space in one of the most sought-after locations. With rental income flowing in and the potential for a lucrative development project on the horizon, this is an unparalleled chance for forward-thinking developers to capitalize on.
Conclusion:
Prime location, significant development potential, and an ongoing source of rental income – this property ticks all the boxes for an astute developer. Seize this rare chance in Waterkloof Glen and envision a future residential haven that residents will be eager to call home.
Don't miss out on this unique development prospect! Contact us today for further details and to arrange a viewing.
