761 m² Commercial space in Vanderbijlpark CW5

Prime Multi-unit Residential Auction Opportunity.

Investment & Major Development Potential in Vanderbijlpark.

An exceptional investment opportunity is coming to auction!

Located in Vanderbijlpark, with massive, approved expansion potential on a generous 3,225 m² stand.

Whether you are looking to refurbish existing units to maximize rental yield or capitalize on the approved plans for significant multi-unit development, this property is a developer''s and investor''s dream canvas.

Unlocking future value on this massive stand is already underway.

Included in the sale are fully approved building plans for:

3 x New 3-Story Buildings

45 Total New Units - 15 Bachelor Flats per building

Approved Future Addition Footprint: 738 m²

Approved Parking Area Footprint: 622 m²

Key Property Details:

Erf Size: 3,225 m²

Zoning: Residential 4

Current Coverage: 398 m²

Allowed Coverage: 40 percent - 1,289 m²

Existing Infrastructure:

3-Story Residential Block - 9 Flats Total

Configuration: 3 flats per floor.

1 x 3-Bedroom Flat & 2 x 2-Bedroom Flats per floor.

Metering: Each flat is fitted with prepaid electricity and water meters.

Note: Currently bypassed by occupants sold as-is for buyer remediation.

Outbuilding: Space previously used as a canteen and a hairdressing salon. And a very compact storage space.

Auctioneers note: Property is sold voetstoots as-is, including the current occupancy state and utility meter statuses.

Buyers are advised to conduct their own due diligence prior to bidding.

Don''t Miss Out on This High-Density Residential Gem!