Hot Spot!!! Perfect Investment!!
Prime development!!
This 2434m2 land has been approved for Residential 4 zoning.
Allowing either 44 flats in a 4-storey building at 55.3m2 per unit or 33 flats in a 3-storey building with 59 parking bays.
The potential buyer may change the layout according to specific needs.
This land is location conveniently in the proximity of Faerie Glen Pick & Pay Hypermarket and Atterbury Value Mart.
Bulk services account would also be for the prospective purchaser/developer's account at a cost of approximately R1 200 000.
An additional waterpipe will also be required to be installed and also for the account of the prospective purchaser/developer.
There is also a borehole on site which can be utilized for the development.
In addition to this, there is also a 250GB Fibre line to the site.
The prospective construction can commence as early as March 2023
The two houses on the property will need to be demolished.
