33065 m² Commercial space in Reservoir Hills

R 52 000 000

Mohammed Vahed

Wakefields-Westville Commercial

33065 m² Commercial space in Reservoir Hills

R 52 000 000

Can I afford this?
Floor Area 33065 m²
Land Area 12.2 ha

A rare opportunity to develop a Business Park in the heart of the Umgeni area with a beautiful lakeside setting. Access to site is obtained off Varsity Drive, off Quarry Road with easy access to M19 and N2 motorways. Platform site of 37 830 sq. mt and proposed structures of about 20 800 sq. mt. The Purchaser would be required to undertake zoning conditional earthworks and sewer infrastructure. The site is zoned Special Zone 80 with the following development rights : Training Centre of 2000 sq. mt, 10 Residential units, offices of 2000 sq. mt, Shopping of 1000 sq. mt. and the major part as a Business Park of

20 000 sq. mt . The development of the Special Zone is to be substantially in terms of plan No 568/801 as per Piet Ries Architects Plan 568/801 and 568/803 as shown in the photos. The site is close to the Reservoir Hills Shopping Centre. It is located close to Value Centre, Springfield Business Park and near to Riverhorse Development in Nandi Drive. Plans of a Proposed Lakeside Business Park are available.

Ideal for long term investment.

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Westville offers an array of different property types, sizes and styles. All in the same street one could find a dutch styled home next to a modern home with a large garden, alongside an apartment block block offering a lock-up-and-go lifestyle. This area appeals more to families, with many great schools available. However, it also appeals to young professionals, singles and the elderly who appreciate the joys of living in a quiet, peaceful neighbourhood.

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33065 m² Commercial space in Reservoir Hills

R 52 000 000

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