This prime property in Alphen Park presents a unique opportunity for developers. With a size of 2068m2 and convenient access to Garsfontein Road, its proximity to MENLYN MALL adds significant value.
The existing house, solidly built over 53 years ago, provides a foundation for potential redevelopment into something new and modern.
The key feature of this property is the chance to rezone it to Zone 4, offering a range of possibilities, particularly for office development. The neighboring property already holds retail rights, and the adjacent one is developing residential units.
Additionally, the property boasts a strong borehole, providing a valuable water source.
Upon registering the necessary rights, the installation of advertising boards can provide a substantial passive rental income, further enhancing the investment potential of this property.
Given the strategic location, existing developments in the vicinity, and the flexibility offered by potential rezoning, developers should act swiftly to seize this opportunity and unlock the full potential of this prime piece of real estate.
This 2000 square meter stand in the heart of the Menlyn Urban Development Framework is a developer''s dream. The existing beautiful old house presents a unique opportunity for conversion into offices, blending historical charm with modern functionality. A coffee shop and beauty spa with its beautiful tree-filled garden for functions is a great opportunity.
The versatility of the property extends beyond the house itself. With the substantial size of the erf, there''s potential for high-density residential development, an office block, or even a commercial development, offering developers a range of possibilities to explore based on market demand and zoning considerations.
Its strategic location in Alphenpark, with frontage on Garsfontein Road, adds to its appeal. The property is a gem and the last of its kind already earmarked for development, making it a rare and valuable find.
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Key Property Features
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Chas Everitt Pretoria (Pty) Ltd T/A Chas Everitt Pretoria is a Franchise of the Chas Everitt International Property Group. Operating a trust account. Holds a business FFC. Registered with the PPRA.
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