3 Bed House in Lynnwood Glen
R 6 500 000
LUCRATIVE INVESTMENT OPPORTUNITY ADJACENT TO MENLYN WITH SPECIAL ZONING APPROVED - FOR DEVELOPMENT
PRICE EXCLUDES VAT
Rare opportunity for developers and investors in the fast-developing area in Pretoria East.
Large perfectly situated property adjacent to Menlyn, near all the major arterial routes, business centres and academic institutions.
Zoned for offices and dwelling-units and currently utilised as professional offices (6 offices). With no additional changes, this could be a spacious residence or used as student accommodation with Varsity College a mere 590 meters walk from there, prior to redeveloping the property.
As the rezoning process has been completed and sketch plans have been drawn, a developer could merely submit the plans for formal approval and immediately start the development. Final plans to be completed for submission to Council. Rezoning completed, bulk services payable.
ZONING:
Special for Offices and Dwelling-units with density of 31 Dwelling-units per hectare (maximum of 6 Dwelling-units on the property).
AUTHORISED OFFICE AND PENTHOUSE DEVELOPMENT:
Offices and 6 Penthouses
75% Coverage
4 Storeys with 99 parking places (51 semi below ground & 48 upper ground) and 2 Offices floors and one Penthouse floor.
*** Plans and authorisations will be made available once a Confidentiality and Non-Disclosure Agreement has been signed.
PROPERTY CURRENTLY CONSISTS OF THE FOLLOWING:
1 982.69 sqm level property
Three bedrooms, main en-suite plus additional bathroom
Lounge with fireplace and sliding door to patio area
Dining room/study with sliding door to patio area
Open plan kitchen with breakfast counter, separate scullery and large pantry
Entrance hall with raised ceiling and skylight
Double garages, shaded carport for three vehicles and storeroom
Large walled garden with swimming- and splash pool
Thatched lapa
24 hour armed response and alarm
SEPARATE BATCHELORS GARDEN FLAT: (currently let to student) walking distance from Varsity College, Menlyn and Glenfair Shopping Centre.
21.60 sqm
Kitchen WITH Bics and sink, bathroom (shower, basin & toilet), bedroom/living room with access to large secure garden.
IN CLOSE PROXIMITY TO:
Menlyn Shopping Centre 0.74 kms
Varsity College (Tertiary Institution) 0.59 kms
Cti Education Group (Tertiary Institution) 1.09 kms
Glenwood Service Station 0.37 kms
Life Healthcare Fairie Glen Hospital 1.10 kms
Life Faerie Glen Hospital 1.18 kms
SAPD (Garsfontein) 1.43 kms
Kindly contact agents for an exclusive appointment.
Key Property Features
Contact Agent
Need a home loan?
Need an Attorney?
