R 12 000 000

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2453 m² Land available in Faerie Glen

indiana avenue
2453 m²

Introducing an exceptional development opportunity in the prime location of Faerie glen, This strategically positioned land, recently rezoned to Residential 4, provides a unique prospect for visionary investors and developers. The rezoning permits the construction of an impressive 4-storey building, allowing for the creation of 44 contemporary flats, each set to redefine modern living.

The permissible construction to develop a four-storey building comprising a total of 44 flats

16 x 2 bedroomed flats of 70.5 sqm.

36 x 1 bedroomed flats of 30 sqm

12 Loft Units of 42.5 sqm in size

This development opportunity is not only a testament to the growth potential in Faerie glen but also a chance to contribute to the evolving landscape of the community. The demand for contemporary living spaces continues to rise, making this project a lucrative venture for those with a keen eye for investment.

Property details

  • Listing number T4508641
  • Property type Commercial Land
  • Erf size 2453 m²

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