2.6 ha Land available in Olympus AH

151-UNIT DEVELOPMENT POTENTIAL | APPROVED RESIDENTIAL 2 | OLYMPUS

151-UNIT DEVELOPMENT | APPROVED RESIDENTIAL 2 | OLYMPUS

An established neighbourhood. Substantial scale. The opportunity to create your next residential development in Olympus.

Situated on Ajax Street, between Planet Fitness and IQ Bronberg and directly across from Heron Hill Garden Estate, this property offers a total documented township area of 2.56 hectares, approved Residential 2 zoning and development potential based on 151 dwelling units in the supplied service agreements.

DEVELOPMENT PARAMETERS

- Total documented township area: 2.56 hectares, including public road and road-widening portions.

- Residential land component: 1.889 hectares.

- Approved Residential 2 zoning.

- Density of 80 dwelling units per hectare.

- Service agreements calculated on 151 dwelling units.

- Building heights of up to three storeys.

- Floor area ratio of 0.6.

- Coverage determined through the approved site development plan.

The residential erven are already consolidated, as confirmed by the agent. Final design and achievable unit yield remain subject to the applicable approval conditions, site development plan, parking requirements, services and ground conditions.

AN ESTABLISHED LOCATION FOR YOUR NEXT DEVELOPMENT

With Heron Hill Garden Estate across the road and fitness and education facilities nearby, the property provides a recognisable setting around which to plan and position a new residential project.

The sale is for the land. The purchaser will undertake the development, including required infrastructure, construction and outstanding development approvals.

SUPPORTING DOCUMENTATION AVAILABLE

A development information pack is available for serious purchasers, including:

- Approved Conditions of Establishment.

- Approved township layout plan.

- Signed municipal water service agreement.

- Signed municipal sewer service agreement.

- Roads and stormwater engineering cost summary.

The documentation identifies water and sewer connections, network upgrades, municipal contributions and the respective obligations of the developer and municipality. The roads and stormwater schedule includes access, pedestrian walkways, road works and stormwater infrastructure.

This information provides a basis for detailed feasibility planning. Purchasers must confirm outstanding servicing obligations, contributions paid, infrastructure completed and current municipal requirements.

EXPLORE A LARGER LAND ACQUISITION

Two adjoining development properties are also available separately, offering the opportunity to acquire this property individually or investigate a larger land assembly.

Selling price: R20,000,000 excluding VAT.

Contact Bouts Botha or Donavan van Rooyen from Team Apex, REMAX Property Merchants, for the development information pack and to arrange a site inspection.

REDLEX 512 PTY LTD trading as REMAX Property Merchants Mooikloof operates in terms of a franchise agreement with REMAX of Southern Africa.