R 12 500 000
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Commercial space in Faerie Glen

1 1 1 2 434 m²

Land with RES 4 zoning offering the opportunity to build 44 flats in a 4-storey building with a buildable area of 2453 sqm.

Opposite the PnP Hyper in Indiana Street.

Positioned ideally next to the Eye Institute in Faerie Glen.

Since compact living is something of the future, studio loft and 1 bedroom apartments are ideal.

The layout we submitted that was approved is as follows:

16 x 2 bedroomed flats of 70.5 sqm (this could be redesigned to 1 bedrooms since it is more scarce than 2 bedrooms in the area).

36 x 1 bedroomed flats of 30 sqm.

12 Loft Units of 42.5 sqm in size.

59 parking bays.

Open space for residents.

Bulk services not in place and will have to be done by the Purchaser.

Borehole in place making it ideal for building when municipal water supply is restricted.

Coverage: 60%.

Height: 18 meters.

FSR: 1

TOPAZ SKY TRADING 91 (PTY) LTD trading as RE/MAX Jacaranda (Faerie Glen) operates in terms of a franchise agreement with RE/MAX of Southern Africa.

Property details

  • Listing number T4486906
  • Property type Commercial
  • Listing date 23 Jul 2025
  • Land size 2 434 m²
  • Rates and taxes R 4 000

Property features

  • Bedrooms 1
  • Bathrooms 1
  • Open parking 1

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