3.9 ha Land available in Olympus AH

308-UNIT DEVELOPMENT POTENTIAL | APPROVED RESIDENTIAL 2 | OLYMPUS

308-UNIT DEVELOPMENT POTENTIAL | APPROVED RESIDENTIAL 2 | OLYMPUS

A substantial landholding. An established residential setting. The scale to create your next 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 3.88 hectares, approved Residential 2 zoning and development potential based on 308 dwelling units in the supplied service agreements.

DEVELOPMENT PARAMETERS

- Total documented township area: 3.88 hectares, including road widening.

- Residential land component: 3.86 hectares.

- Approved Residential 2 zoning.

- Density of 80 dwelling units per hectare.

- Service agreements calculated on 308 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 A SUBSTANTIAL PROJECT

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

Its approximately 3.88-hectare total township footprint gives developers the opportunity to explore a substantial residential scheme within an existing neighbourhood.

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 service documentation identifies municipal contributions, water infrastructure upgrades and the respective obligations of the developer and municipality. The roads and stormwater schedule includes development access, pedestrian walkways, stormwater infrastructure and upgrades to Achilles Road.

The documentation specifies private internal water and sewer services, which must be considered in the development''s design, budget and ongoing management arrangements.

These documents provide a basis for detailed feasibility planning. Purchasers must confirm outstanding servicing obligations, contributions paid, infrastructure completed and current municipal requirements. The layout also identifies a stormwater servitude affecting part of the property.

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: R40,000,000 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.