19 720 ha Land available in Cloverdene

Ideal Residential Property Development Opportunity in Cloverdene, Germiston

Location:

Cloverdene in Germiston is a residential neighborhood known for its quiet, well-established community. It features a mix of family homes, townhouses, and some apartment buildings, offering a diverse range of housing options. The area is characterized by paved streets, leafy surroundings, and parks, making it a pleasant environment for residents. Cloverdene is conveniently situated with easy access to essential amenities such as schools, shopping centers, healthcare facilities, and public transportation. The community has a friendly, suburban atmosphere, appealing to families, professionals, and retirees seeking a peaceful living environment within proximity to Germistons economic and social hubs.

Details:

1.9720HA in property extent.

Zoned residential.

Building Plans for 234 Units available.

Each unit: approx. 58m2, 1 bath, 2 bed. 3 floors. 20 blocks.

Site development, building and environmental plans are approved. Land is un-serviced.

Investment Highlights:

- Strategic Location: Situated within Germiston, Cloverdene benefits from proximity to major transportation routes, business districts, and economic hubs, ensuring high accessibility and demand.

- Growing Community: The area''s well-established residential base provides a steady market for new developments, especially family and young professional tenants and buyers.

- Demand for Housing: Continued urbanization and population growth in the East Rand generate a consistent need for quality residential options, making it a lucrative investment opportunity.

- Affordability and Market Value: Property prices in Cloverdene are relatively affordable compared to more central areas, offering potential for higher yields and appreciation.

- Amenities and Infrastructure: Existing amenities such as schools, shopping centers, healthcare facilities, and parks enhance the desirability of the area for residents.

- Potential for Value-Addition: The development of a modern residential complex can significantly increase property value, attract tenants willing to pay a premium, and boost rental income.

- Favorable Development Environment: South African municipalities often support residential development projects with streamlined approval processes and incentives to encourage investment.

- Economic Growth in the Region: Growth in local industries, commerce, and infrastructure development in Germiston and the broader East Rand supports long-term demand for residential living spaces.

These highlights suggest that a well-planned residential complex in Cloverdene could offer strong financial returns, long-term appreciation, and a strategic position within one of the East Rands growing suburbs.

Asking Price: The property is available for R23 000 000.00 excluding VAT.

PARKVILLE PROPERTIES (PTY) LTD trading as RE/MAX Advantage (Rosebank) operates in terms of a franchise agreement with RE/MAX of Southern Africa.