Farm in President Park
R 1 850 000
Keller Williams-Clockwork Sandton
Farm in President Park
R 1 850 000
Location and investment potential makes this property situated in President Park Ideal.
Walking through the property you will see sporadic Buildings that include one double story thatched House that can be used as an office. There is also a 2 bed Flatlet near completion. The 3 huge Double Garages can be converted to storage rooms or student accommodation. A wall separates the property where one can find a building that with planning permission can be converted to 8 to 10 units 2 Bedroom units. There is also a large swimming Pool on the premises that can be used to service the flats. unused .
There is also a small cottage.
The entire property has a perimeter wall. Two separate entrances with Electric fence around the property.
3 gates serve the property.
About President Park (sourced from the City of Johannesburgs Spatial Development Framework 2040):
A low density rural residential area under pressure to densify. Economic growth in Midrand is occurring at a rapid rate of 20% per annum. In terms of the draft Vision 2025 document of the Kyalami Metropolitan Council, Midrand is identified as a key area for future growth and development, especially in the areas of business complexes and high-tech industries. High traffic congestion levels reflect that infrastructure growth rate cannot keep abreast of rapid development. The MMLC has plans to upgrade existing roads and construct new roads to integrate the areas of Midrand and to accommodate future growth.
The City of Johannesburg considers President Park a deprivation area, category 1. These are typically areas that despite their deprivation classification are relatively well located within the broader urban context. This category displays the following characteristics:
Good regional transport connections.
Relatively close to large-scale economic centers.
Interconnected to the urban continuum.
Centrally located within the broader city region.
These areas display high potential for integration and functional interconnectedness with economic centers and adjoining urban areas over time. The pace and extent of development will rely on capacity of infrastructure in the area. Long term opportunities for major urban expansion exist in the Glen Austin and President Park areas. Lack of bulk infrastructure and public transport shifts these areas to a long-term future opportunity to be explored once most of the Transformation Zone has reached its development potential.
Asking Price and Details
Zoning Type: agricultural holding
Size: 8570 square meters
Easy access to main road access
Close to sought after schools
2 Large shopping centres in area
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Midrand, also known as the Halfway House, was established as a municipality in 1981. It is a very vibrant, accessible area that is growing at a rapid rate. Families flock to the area to take advantage of the laid back lifestyle and variety of amenities. There is plenty of employment nearby, with many large businesses taking advantage of Midrand's convenient location between big cities. Vodacom, Cell C, Neotel, Altech Autopage and many more large companies have offices situated here, and with its growing residential areas this is one of the up and coming areas in South Africa.Find out more about Midrand