1494 m² Land available in Eloffsdal

R 1 430 000 Negotiable

Juan de Wet

Owner

1494 m² Land available in Eloffsdal

R 1 430 000 Negotiable

Address: 252 booysen street,les marais
Land Area 1494 m² Rates R 1000

Development Opportunity. 1494 sq Corner stand(58,3m x 25,6m). Zoning already been approved for 8 dwelling units with a density of 60% and a FSR of 0,6 and 2 storeys high. There are no restrictive conditions in the Title Deed. Perfect location close to hospital,CBD, public transport,shops,schools etc. Rare opportunity as open land is not available in this area.

This development would suit old age people looking for a place to stay close to doctors rooms and hospital , students or young professionals looking for a lock-up and go close to CBD.

Geological percolation soil tests has already been done and a Storm water Report has been drawn up by Engineer and submitted to council for approval. Building plans and SDP has been drawn up for the erection of 2 blocks(double storey) consisting of 4 units each thus being a total of 8 units (16 studio apartments) with enough parking space, green spaces and outside braai areas. Studio apartments , if available, rents for around R4700pm. Can you spot the opportunity yet ?

As an extra bonus there is a borehole on the premises (although not fitted). Plus there is about 48 000 semi-face bricks included in the price. NHBRC Registered builder with reputable references available that can assist the property investor to build and complete this project within budget. Bulk Service Contributions to be paid by purchaser.

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Juan de Wet
Owner
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Northern Pretoria is a quiet suburb that lies nestled virtually in the foothills of the Magaliesberg. Almost in a world of its own, with its subtropical climate. The smallholdings that made up the area have been transformed into a lively neighbourhood with hospitals, shopping centres, restaurants and coffee shops.

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1494 m² Land available in Eloffsdal

R 1 430 000 Negotiable

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Juan de Wet
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